AMS pushes on, making a more lenient offer for Osram

AMS, the Austrian sensor company that failed to acquire Osram earlier this month, has launched a new bid in which it is willing to settle for a smaller ownership stake than what it had previously sought. The Premstaetten-based company said it is now seeking a minimum of 55% of Osram shares, down from the 62.5% it had last sought and from the 70% at which it started its quest on Sept. 4. Its offer price remains unchanged at €41* ($45.64) per share, valuing Osram at €4.58 billion ($5.1B).