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AMS re-approached Osram with a new bidding offer launched on October 18. With the new offer, the Austrian company aims to acquire Osram with a price of EUR 41 (US$ 46) per share with the minimum acceptance rate of 55%.
The sensor maker failed the first attempt to takeover Osram in the beginning of October as it did not reach the minimum acceptance threshold of 62.5%. Within two weeks, AMS keeps its words of continuing the acquisition plan and proposed the new offer with the same price of EUR 41 per share but a lower acceptance rate of 55%. The offer values Osram with EUR 4.6 billion (US$ 5.13).
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