AMS hopes for cooperation agreement with Osram before new offer launches

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Austrian sensor maker AMS hopes to agree a cooperation agreement with Germany’s Osram before it launches a new takeover offer for the much bigger lighting group, its Chief Executive said on Tuesday. AMS, which failed with a first attempt this month, plans to launch a new bid for Osram at the same price of 41 euros a share but at a lower acceptance rate of 55% to form a global leader in sensors and lights. Chief Executive Alexander Everke confirmed at an investor call that recent discussions with Osram management, which initially opposed AMS’s plan, have been constructive.

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