AMS sparks bidding war for Osram, shines spotlight on auto business

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AMS sparks bidding war for Osram, shines spotlight on auto business

Bid with cash offer values German lighting group at €4.3 billion.

Osram said on Monday it would consider a takeover by Austrian sensor maker AMS that trumps a competing bid by Bain and Carlyle with a cash offer valuing the German lighting group at €4.3 billion (US$4.8 billion). AMS said it could create a global heavyweight in sensors and photonics with ...

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