DGAP-Adhoc: OSRAM Licht AG: Advent and Bain Capital for the time being do not plan takeover offer for OSRAM

Released : 10/18/2019 17:17

DGAP-Ad-hoc: OSRAM Licht AG / Key word(s): Letter of Intent
OSRAM Licht AG : Advent and Bain Capital for the time being do not plan takeover offer for OSRAM

18-Oct-2019 / 17:17 CET /CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Today, OSRAM Licht AG (OSRAM) received a letter from the consortium consisting of the financial investors Advent and Bain Capital . According to that letter, Bain Capital and Advent have decided to not conduct any further due diligence. For the time being, the plan to submit a voluntary public takeover offer for all outstanding OSRAM shares will not be pursued further. The consortium said that they currently do not see a successful path to an offer.

In the last days, OSRAM engaged in constructive discussions with ams AG about the conditions for a new takeover offer. The Managing Board welcomes the progress made to far and is confident that both parties can agree on a future oriented strategic concept. OSRAM will further inform the capital market in due course about the progress of this development.


Juliana Baron
Head of Investor Relations

Investor Relations
Marcel-Breuer-Straße 6
80807 München, Deutschland
Tel. +49 89 6213-3030
mailto: j.baron@osram.com

18-Oct-2019 CET /CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: OSRAM Licht AG
Marcel-Breuer-Straße 6
80807 München
Phone: +49 89 6213-0
Fax: +49 89 6213-3629
E-mail: ir@osram.com
Internet: www.osram-group.com
ISIN: DE000LED4000
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich ; Regulated Unofficial Market in Berlin , Dusseldorf , Hamburg , Hanover , Stuttgart , Tradegate Exchange
EQS News ID: 892819

End of Announcement DGAP News Service

892819  18-Oct- 2019 CET /CEST