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OSRAM Licht AG, DE000LED4000

OSRAM Licht AG, DE000LED4000

12.08.2019 - 17:41:59

OSRAM confirms receipt of an offer proposal from ams AG and decides to start negotiations

The Managing Board of Osram Licht AG (Osram) confirms that ams AG (ams) has submitted a proposal to Osram for a voluntary public takeover offer for all outstanding Osram shares. For this purpose, ams has submitted a documentation about a bridge financing of 4.2 billion euros by HSBC and UBS. Part of this bridge loan shall later be refinanced by a capital increase at ams. The two investment banks have committed 1.5 billion euros for this purpose. ams intends to offer a price of 38.50 euros per Osram share in cash. On this basis, Osram is valued at around 4.3 billion euros (enterprise value). In our preliminary assessment, the financing concept presented appears binding and viable.

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.  

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:j.baron@osram.com www.osram.com

12-Aug-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: OSRAM Licht AG Marcel-Breuer-Straße 6 80807 München

Germany Phone: +49 89 6213-0 Fax: +49 89 6213-3629 E-mail: ir@osram.com 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: 856017   End of Announcement DGAP News Service

856017  12-Aug-2019 CET/CEST

@ dgap.de