Premstaetten, Austria (August 21, 2019) — ams (SIX: AMS), the world leader in high-performance sensor solutions, is pleased to announce that OSRAM Licht AG (“OSRAM”) has reneed the status quo agreement of AG (“ams”) and OSRAM on June 4, 2019, after receiving the ams proposal, on August 11, 2019. This will allow ams to officially launch the offer to purchase OSRAM (the “offer”), in accordance with the terms announced on August 11, 2019. The deadline for submitting bids is expected to begin before September 5, 2019, when Bain Capital and the Carlyle Group`s offer has expired. “Under these conditions, we cannot and will not withhold the offer of our shareholders,” said the Ceo. “That`s why we`ve renounced the status quo agreement.” The cooperation agreement between ams and OSRAM, which supports close cooperation between THE Munich-based OSRAM stakeholders, is a world leader in high technology with more than 110 years of history. Our products, primarily focused on semiconductor technologies, are used in a wide range of applications, from virtual reality to autonomous driving, smartphones to smart and connected lighting solutions in buildings and cities. OSRAM uses the infinite possibilities of light to improve the quality of life of individuals and communities. OSRAM`s innovations enable people around the world not only to see better, but also to better communicate, travel, work and live. OSRAM employs approximately 26,200 people worldwide at the end of the 2018 financial year (30 September) and generated sales of more than 3.8 billion euros on continuing operations. The company is present on the Frankfurt and Munich stock markets (ISIN: DE000LED4000; WKN: LED 400; Commercial symbol: OSR). For more information, see www.osram.com.
“The proposal is compelling to all Osram stakeholders,” said ams chief Alexander Everke. “We therefore hope that Osram will renounce the status quo agreement and give its shareholders the opportunity to benefit from our offer. This will pave the way for Osram and ams to create a winning combination. Together, we can count on great collaborators, products and technologies to become the world leader in sensor and photonics solutions and deliver tangible added value to our customers. We offer a long-term plan that we can execute from a position of strength based on continuous investment and growth. The Board of Directors of Osram Licht AG (Osram) confirms that ams AG (ams) has submitted to Osram a proposal for a voluntary takeover bid for all outstanding Osram shares. To this end, ams submitted documentation on a bridge financing of 4.2 billion euros by HSBC and UBS.