December 6, 2019 / 5:04 PM / a month ago

Austria's AMS succeeds in bid to take over lighting group Osram

VIENNA, Dec 6 (Reuters) - Austrian sensor specialist AMS has succeeded with its 4.6 billion euro ($5.07 billion) takeover bid for German lighting group Osram at the second attempt, acquiring more than the 55% of shares required, it said on Friday without elaborating.

AMS failed with a first offer at the same price of 41 euros per Osram share in October. It lowered the necessary acceptance rate to 55% in its second attempt from the 62.5% threshold it missed earlier.

“We are pleased to announce that we have been successful in achieving the minimum acceptance threshold in our Offer for Osram,” AMS said in a statement.

Although the offer expired on Thursday night it said acceptances could now continue to be booked until Monday and the final result would be published on Tuesday. ($1 = 0.9073 euros) (Reporting by Francois Murphy)

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