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AMS plans rival takeover bid for Germany's Osram

Reuters Sunday, 11 August 2019
Apple supplier AMS AG on Sunday said it plans to make an all-cash takeover bid for German lighting group Osram , offering 38.5 euros per share, more than a rival offer from private equity firms Bain Capital and Carlyle Group.
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News video: AMS sparks bidding war for Osram

AMS sparks bidding war for Osram 01:10

Shares in Osram jumped after Austrian sensor maker AMS triggered a bidding war for the German lighting group, saying it was ready to trump Bain and Carlyle with a cash offer valuing the company at 4.3 billion euros ($4.8 billion). Francis Maguire reports.

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