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Siemens AG's Osram Spin-Off Set For July 8, 2013-DJ


Thursday, 13 Jun 2013 05:38am EDT 

Dow Jones reported that Siemens AG said that the spin-off of its lighting unit Osram is planned for July 8, 2013. On July 8, Siemens shareholders will receive one Osram share for every 10 Siemens shares they hold. After the spin-off, Siemens will hold 17% of Osram and 2.5% will belong to a Siemens pension fund. Siemens values Osram at EUR3.2 billion ($4.26 billion). 

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