Premstaetten, Austria (16 July 2019) -- ams AG (SIX: AMS), a leading worldwide supplier of high performance sensor solutions, notes a recent publication by OSRAM Licht AG regarding a preliminary, non-binding expression of interest by ams for OSRAM Licht AG.
ams confirms that it has been engaged in discussions with OSRAM Licht AG regarding a potential transaction as ams is constantly evaluating potential opportunities in light of its technology-led strategy. ams requires opportunities to be strategically compelling and demonstrably value enhancing in order to consider pursuing a M&A transaction.
However, following an evaluation of recent developments ams does not see a sufficient basis for continuing these discussions with OSRAM Licht AG.
ams is very pleased with the operating momentum of its business and committed to maintaining a prudent capital structure which is a key consideration in pursuing any M&A transaction.