Osram acquisition approved, will be integrated with ams
On December 7, Osram issued a press release, and Amers' acquisition proposal was approved. Osram's board of directors invites the management of Ams to discuss how they can become a global leader in sensor solutions and optoelectronics based on a business merger agreement. Relevant reports show that Ames will acquire more than 55% of OSRAM's equity at a price of 4.6 billion euros.
Osram management believes that the joint advantages will bring many opportunities, especially for the further development of the optoelectronic semiconductor business unit. The integration with ams will benefit the LED department, both in the innovation of sensing and optoelectronic solutions and in further meeting customer needs.
The acquisition process also brought a high premium to OSRAM shareholders. Osram stated that the focus of management has always been consistent with the interests of shareholders, the company and its employees. The acquisition process is value-oriented, and OSRAM shareholders will receive a earnings of 41 euros per share, which means that OSRAM shares have risen 42% since the start of the acquisition process. Olaf Berlien, CEO of Osram, said: "It is important now that we work with Ams to create a world-class leader in optoelectronic sensing." Alexander Everke, Ams CEO, said: "Thanks to Osram shareholders In support of this acquisition offer, our alliance has a strong strategic advantage. We look forward to working closely with the OSRAM management team and all stakeholders to successfully integrate and achieve our common goals and become a global leader in the field of sensing and optoelectronics. "
In the merger agreement, Ames has made many commitments to Osram's employees and factories, especially in Germany. For example, employees will not be laid off as a result of the merger, and the protection period will be extended to the end of 2022. The board of directors of Osram and Ames will develop a feasible integration roadmap through an equal dialogue with unions and employee representatives. Brigitte Ederer will serve as the independent supervisor of the agreement.
The acquisition still requires antitrust and foreign trade approvals. Compliance with relevant regulatory requirements, statutory processes and organizational coordination is expected to continue into the summer of 2020. In the second half of 2020, the necessary integration measures of the two companies will be implemented.
Editor-in-chief: Chen Bingxin