Business

Austria’s AMS says looking forward to discussions with Osram

Sensor specialist AMS (AMS.S) (AMS.VI) on Tuesday said it took note of Osram’s willingness to discuss a takeover and was looking forward to discussions.

The Austrian company said on Sunday it was ready to make a cash offer valuing German lighting company Osram (OSRn.DE) at 4.3 billion euros ($4.8 billion), 10% more than Bain Capital and Carlyle (CG.O) have offered.

“We have taken note of Osram’s ad-hoc announcement,” a spokeswoman said, adding that AMS was looking forward to the opportunity to hold discussion.

($1 = 0.8937 euros)