Let the buying begin: ams takes its Osram offer to the market

The company bidding for Osram via the stock market has opened the buying process with a plan that augurs shutdowns at Osram’s expensive new Malaysian plant, a dose of job protection in Germany through 2022, and a possible reprieve for Osram’s Internet of Things (IoT) lighting group, which had been under threat. Austrian sensor firm ams, which failed in its first attempt to buy Munich-based Osram a month ago, is now free to buy shares in its second attempt, following approval of its offer document by the German Federal Financial Supervisory Authority. It is offering shareholders €41 ($45.28) per share until midnight Dec. 5, central European time.