Munich / Graz, The Styrian sensor and chip manufacturer ams AG, which is stated on the Swiss stock market, does not take over from & # 39; a Munich-based light manufacturer Osram. One week after his retreat, he thinks that he has resumed his head office in Premstätten near Graz, as announced on Tuesday when presenting his quarterly figures.
Unrecognized "financial partners" have confirmed to the company "that a very carefully structured financing obligation can be regulated for a potential transaction". Osram had earlier expressed doubts as to whether the Steering electronics specialists could give the purchase of up to € 4.2 billion. A spokesman did not want to comment on the possible new attempt.
Offers to US investors
Both companies supply the car industry with semiconductor-based products. Ams announced a week ago for a purchase of Osram and a price of € 38.50 per share – € 3.50 more than the American financial investors bid Bain and Carlyle, whose offer since Monday.
But a few hours after the Munich group had made the possible counter-offer public, it is almost crazy.
Osram shares climbed three percent yesterday, but were still at 33.91 euros below the Bain / Carlyle offer. The hope of investors for a second, higher offering from Austria could undermine Bain's and Carlyle's plan to raise at least 70 percent of Osram's shares until September 5. If this fails, the takeover burst is.
The Styrian ams worth 3.4 billion euros on the stock market, more than Osram with 3.2 billion euros. On Tuesday, the share rose by nine percent. In operational terms, the Styrian performed much better than expected in the second quarter. Company also gave a positive position for the third quarter than expected by analysts.
In the second quarter, group sales in the year-earlier quarter went up 72 percent to $ 415.2 million, said ams. Adjusted earnings before interest and tax (EBIT) were positive, at $ 50 million after a loss of $ 46.4 million over a year-end period. Adjusted net income was $ 25.1 million after a $ 99 million loss. (APA / est)
("The presses", printed edition, 24.07.2019)