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OSAGY - The Acquisition Of Osram Licht AG Is Unlikely To Create Value For AMS AG Shareholders
Osram Licht AG ADR
After some trouble, AMS AG (AUKUF) (AMSSY) prevailed with its offer to shareholders of Osram Licht AG (OSAGF) (OSAGY). The company announced that the threshold of 55 percent acceptance (which it had lowered from the prior 62.5 percent) for its offer has been exceeded. This was by no means a formality given that up to 40 percent or above of Osram's stocks had been in the hands of various hedge funds, many of which speculated until the last minute on an increased offer.
AMS's goal is to create a global optoelectronics champion and to reduce