2019-09-26

Osram Bidding War Goes on with Bain and Advent to Raise Takeover Offer

Osram announced on September 25 that “the courtship” of the company continues as Bain Capitan and its new partner, Advent, are in talk with Osram with its willingness to make a new takeover for the German high tech company, confronting sensor maker AMS. According to Osram, the consortium of Advent and Bain Capital has indicated that “it may offer a ‘meaningful’ premium over the current offer from AMS of EUR 38.50 (US$42.14) per share.” The new bidders also said that their binding offer will be superior not only in terms of price ...
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2019-07-31

Osram’s Fiscal 3Q19 Remains Weak and Managing Board Expects Shareholders to Accept Takeover Offer

Osram announced the financial results of fiscal 3Q19 which marked “no signs of business revival” for the company. The quarterly revenue dropped by 14.9% YoY to EUR 850 million (US$ 948.28 million). Its EBITA fell by 66.2% YoY with EUR 42 million (US$ 46.86 million). EBITDA adjusted for special items was EUR 58 million (US$ 64.72 million), which was down by 58% compared to previous year’s figure; net income amounted to minus EUR 35 million (US$ 39 million). All three business segment of Osram, Opto Semiconductors, Automotive a...
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2019-07-04

Bain Capital and Carlyle Offer US$ 3.8 Billion to Acquire Osram

Osram announced a confirmation of receiving a binding offer from Bain Capital and The Carlyle Group, the US-based private equity firms who have been in talk with the German company for a buyout since the end of 2018. According to Osram, the inventors have offered an amount of EUR 35 (US$39.5) per share for the buyout, which will be approximately 3.4 billion euro ($3.8 billion) for concluding the investor agreement and to make a public takeover offer. Osram said, “The responsible decision bodies will discuss and decide on this offer shortly.” Osram has b...
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2018-12-19

Carlyle to be Potential Bidder for Osram after Bain Capital

By the end of last month, Bloomberg reported that Bain Capital, a U.S.-based private equity firm, has been eyeing a buyout of Osram. Soon after that, another private equity company, Carlyle, reportedly joined the list of potential bidders for the German lighting technology group, according to Financial Times. The report of Financial Times noted that two people directly involved in the situation have confirmed Carlyle’s interest in the buyout of Osram. But neither Carlyle nor Osram commented on the information. (Image: Osram) Osram has been through a fina...
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Tokushima, Japan - 6 March 2024: Nichia, the world's largest LED manufacturer and inventor of the high-brightness blue and white LED, has started mass production of the new UV-B (308nm) and UV-A (330nm) LEDs in its popular 434 Series packa... READ MORE

New XLamp® S Line LEDs enhance growth, last longer, lower energy costs Horticulture and other forms of agricultural lighting require application-tuned ratios of spectral content, high efficacy and long lifetimes. Whether you are interested... READ MORE