EANS-News: ams AG ams receives EU regulatory approval for OSRAM acquisition; expected closing of transaction on 9 July 2020
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is responsible for the content of this announcement.
--------------------------------------------------------------------------------
Mergers - Acquisitions - Takeovers
Premstaetten - Premstaetten, Austria (6 July 2020) -- ams (SIX: AMS), a leading
worldwide supplier of high performance sensor solutions, announces that it has
today received unconditional regulatory approval from the EU commission for the
acquisition of OSRAM Licht AG ("OSRAM").
The EU regulatory approval constituted the last remaining condition precedent
for closing the transaction which is now fulfilled. ams therefore expects the
payment of the offer price to the holders of the tendered shares and the closing
of the takeover offer on 9 July 2020. Following the closing, ams will hold 69%
of all shares in OSRAM (excluding treasury shares).
ams is excited about this success and looks forward to creating a worldwide
leader in sensor solutions and photonics through the combination of ams and
OSRAM.
###
About ams
ams is a global leader in the design and manufacture of advanced sensor
solutions. Our mission is to shape the world with sensor solutions by providing
a seamless interface between humans and technology.
ams' high-performance sensor solutions drive applications requiring small form
factor, low power, highest sensitivity and multi-sensor integration. Products
include sensor solutions, sensor ICs, interfaces and related software for
consumer, communications, industrial, medical, and automotive markets.
With headquarters in Austria, ams employs around 8,500 people globally and
serves more than 8,000 customers worldwide. ams is listed on the SIX Swiss stock
exchange (ticker symbol: AMS). More information about ams can be found at https:
//ams.com [https://ams.com/]
Join ams social media channels:
>Twitter [https://twitter.com/amsAnalog] >LinkedIn [https://www.linkedin.com/
company/ams-ag] >Facebook [https://www.facebook.com/amsAnalog] >YouTube [https:/
/www.youtube.com/user/amsAnalog]
ams is a registered trademark of ams AG. In addition many of our products and
services are registered or filed trademarks of ams Group. All other company or
product names mentioned herein may be trademarks or registered trademarks of
their respective owners. Information provided in this press release is accurate
at time of publication and is subject to change without advance notice.
Further inquiry note:
Moritz M. Gmeiner
Vice President Investor Relations
Tel: +43 3136 500-0
Fax: +43 3136 500-931211
Email: investor@ams.com
end of announcement euro adhoc
--------------------------------------------------------------------------------
issuer: ams AG
Tobelbader Strasse 30
A-8141 Premstaetten
phone: +43 3136 500-0
FAX: +43 3136 500-931211
mail: investor@ams.com
WWW: www.ams.com
ISIN: AT0000A18XM4
indexes:
stockmarkets: SIX Swiss Exchange
language: English