Osram gears up effort to sell lamps division

Osram Licht AG's efforts to carve out its lamps business are picking up steam, as the company said it expects to complete a move by April. Meanwhile, a second suitor has emerged from China as one key industry observer said that a Chinese buyer would be a likely scenario, with over a dozen companies from the country that could be interested. This time MLS, parent company of Forest Lighting, has authorized its chairman to bid for the division, the publicly held company said in a regulatory filing. In July, China's Shanghai Feilo Acoustics made a non-binding offer.