DGAP-Adhoc: OSRAM Licht AG: Advent and Bain Capital for the time being do not plan takeover offer for OSRAM
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DGAP-Ad-hoc: OSRAM Licht AG / Key word(s): Letter of Intent
OSRAM Licht AG: Advent and Bain Capital for the time being do not plan takeover offer for OSRAM
18-Oct-2019 / 17:17 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Today, OSRAM Licht AG (OSRAM) received a letter from the consortium consisting of the financial investors Advent and Bain Capital. According to that letter, Bain Capital and Advent have decided to not conduct any further due diligence. For the time being, the plan to submit a voluntary public takeover offer for all outstanding OSRAM shares will not be pursued further. The consortium said that they currently do not see a successful path to an offer.
In the last days, OSRAM engaged in constructive discussions with ams AG about the conditions for a new takeover offer. The Managing Board welcomes the progress made to far and is confident that both parties can agree on a future oriented strategic concept. OSRAM will further inform the capital market in due course about the progress of this development.
Contact:
Juliana Baron
Head of Investor Relations
OSRAM Licht AG
Investor Relations
Marcel-Breuer-Straße 6
80807 München, Deutschland
Tel. +49 89 6213-3030
mailto: [email protected]
www.osram.com
18-Oct-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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| Language: |
English |
| Company: |
OSRAM Licht AG |
|
Marcel-Breuer-Straße 6 |
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80807 München |
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Germany |
| Phone: |
+49 89 6213-0 |
| Fax: |
+49 89 6213-3629 |
| E-mail: |
[email protected] |
| Internet: |
www.osram-group.com |
| ISIN: |
DE000LED4000 |
| WKN: |
LED400 |
| Indices: |
MDAX |
| Listed: |
Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange |
| EQS News ID: |
892819 |
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| End of Announcement |
DGAP News Service |
892819 18-Oct-2019 CET/CEST
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OSRAM Licht AG DE000LED4000