Austrian manufacturer, AMS fails in takeover of Germany’s Osram

Austrian manufacturer, AMS fails in takeover of Germany’s Osram

A takeover bid of German lighting manufacturer Osram by an Austrian company on Friday failed.

AMS, a producer of sensors, said it failed in its goal to achieve the minimum acceptance threshold of 62.5 percent of Osram’s shares.

Only the owners of 51.6 percent of the shares of Munich-based Osram took the offer of 41 euros (or 45 dollars) per share.

The company said it would continue to pursue Osram, adding that merger would enable the creation of a globally leading company in sensor technology and photonics.

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