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OSRAM confirms receipt of an offer proposal from ams AG and decides to start negotiations
On the basis of this preliminary assessment, Osram has decided to enter into negotiations with ams regarding the conclusion of a Business Combination Agreement. At the same time, the documentation submitted will be further reviewed. In addition to the offer price and financing concept, a stable environment for further transformation into a semiconductor-based high-tech photonics company is important for the Osram Managing Board when assessing the offer. In addition, the Managing Board attaches great importance to appropriate protection commitments for all key stakeholders, in particular the company's employees.
The successful conclusion of the negotiations is a prerequisite for the waiving of the existing standstill agreement between Osram and ams.
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