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Osram Licht AG (OSRn.DE)

OSRn.DE on Xetra

32.76EUR
4:35pm BST
Change (% chg)

€-0.14 (-0.43%)
Prev Close
€32.90
Open
€32.95
Day's High
€33.15
Day's Low
€32.62
Volume
675,486
Avg. Vol
1,043,381
52-wk High
€41.92
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€24.60

Latest Key Developments (Source: Significant Developments)

AMS says does Not See Sufficient Basis For Continuing Deal Discussions With Osram Licht AG
Monday, 15 Jul 2019 

July 15 (Reuters) - ams AG ::EANS-ADHOC: AMS AG / AMS STATEMENT WITH REGARDS TO RECENT PUBLICATION BY OSR ....AMS AG SAYS AMS CONFIRMS THAT IT HAS BEEN ENGAGED IN DISCUSSIONS WITH OSRAM LICHT AG REGARDING A POTENTIAL TRANSACTION.AMS AG - FOLLOWING AN EVALUATION OF RECENT DEVELOPMENTS AMS DOES NOT SEE A SUFFICIENT BASIS FOR CONTINUING THESE DISCUSSIONS WITH OSRAM LICHT AG.  Full Article

Osram CEO Says No Plan B If Minimum Acceptance Threshold For Takeover Is Not Met
Friday, 5 Jul 2019 

July 5 (Reuters) - Osram Licht AG ::OSRAM CEO SAYS THERE IS NO SIGNS THAT THE SUPERVISORY BOARD WANTS CHANGES IN MANAGEMENT BOARD.OSRAM CEO SAYS WE DO NOT HAVE A PLAN B IF MINIMUM ACCEPTANCE THRESHOLD FOR TAKEOVER IS NOT MET.OSRAM CEO SAYS THE LIKELIHOOD OF ANOTHER TAKEOVER OFFER BY A COMPETING BIDDER IS RATHER LOW BECAUSE THERE WAS NONE IN THE LAST MONTHS.  Full Article

Osram Licht Supports Public Takeover Offer From Bain Capital And Carlyle Group
Thursday, 4 Jul 2019 

July 4 (Reuters) - Osram Licht AG ::DGAP-NEWS: OSRAM SUPPORTS PUBLIC TAKEOVER OFFER FROM BAIN CAPITAL AND THE CARLYLE GROUP.OSRAM SUPPORTS PUBLIC TAKEOVER OFFER FROM BAIN CAPITAL AND CARLYLE GROUP.MANAGING BOARD AND SUPERVISORY BOARD HAVE DECIDED TO SUPPORT THIS OFFER.VOLUNTARY PUBLIC TAKEOVER OFFER FOR PRICE OF 35 EUROS PER SHARE.INVESTOR AGREEMENT SUPPORTS STRATEGY AND GROWTH.EXTENSIVE COMMITMENTS TO EMPLOYEES AND LOCATIONS.CORPORATE HEADQUARTERS TO REMAIN IN MUNICH; PATENTS AND BRAND SAFEGUARDED.  Full Article

Osram to consider 35 euro/shr takeover offer from Bain, Carlyle
Wednesday, 3 Jul 2019 

July 3 (Reuters) - Osram Licht AG ::CONFIRMS RECEIPT OF A BINDING TAKEOVER OFFER.BAIN CAPITAL AND CARLYLE GROUP OFFER 35 EUROS/SHARE.RESPONSIBLE DECISION BODIES WILL REVIEW AND DECIDE ON THIS OFFER SHORTLY.  Full Article

Osram says discontinues share buyback program
Tuesday, 14 May 2019 

May 14 (Reuters) - Osram Licht AG says::DISCONTINUES SHARE BUYBACK PROGRAM.DECISION WAS TAKEN AGAINST BACKGROUND OF COMPREHENSIVE MEASURES TO INCREASE OPERATIONAL EFFICIENCY AND TO TIGHTEN ADMINISTRATION AND SALES STRUCTURES, WHICH ARE BEING IMPLEMENTED DUE TO CURRENTLY WEAK MARKET AND BUSINESS SITUATION.  Full Article

Osram: Q2 Sales Fell 13.5 Pct, Still Sees 11-14 Pct Full-Year Decline
Wednesday, 8 May 2019 

May 8 (Reuters) - Osram OSRN.DE::CHALLENGING MARKET ENVIRONMENT CONTINUES INTO Q2 FY 2019.Q2 PERFORMANCE WAS AS EXPECTED.ADJUSTED EBITDA MARGIN WAS 8.1 PERCENT.REVENUE ON A COMPARABLE BASIS FELL BY 13.5 PERCENT TO 862 MILLION EUROS IN THE PERIOD FROM JANUARY TO END OF MARCH.GENERAL ECONOMIC SLOWDOWN IS ADVERSELY AFFECTING BUSINESS DEVELOPMENT.NET LOSS OF 91 MILLION EUROS DUE TO TRANSFORMATION COSTS AND AN IMPAIRMENT CHARGE IN THE CONTROLS BUSINESS.MANAGEMENT BOARD PLANS SAVINGS OF OVER 200 MILLION EUROS BY 2021.ADJUSTED EBITDA AT 70 MILLION WAS 56 PERCENT BELOW PRIOR-YEAR FIGURE.OPTO SEMICONDUCTORS DIVISION RECORDED DECLINE IN SALES OF AROUND 18.8 PERCENT ON A COMPARABLE BASIS DUE TO ECONOMIC EFFECTS, WEAKNESS IN AUTOMOTIVE INDUSTRY AND GENERAL LIGHTING.MANAGEMENT BOARD EXPECTS DECLINE IN REVENUE FROM CONTINUING OPERATIONS OF 11 TO 14 PERCENT, AN ADJUSTED EBITDA MARGIN OF 8 TO 10 PERCENT.DUE DILIGENCE ON TALKS WITH BAIN CAPITAL AND CARLYLE GROUP ABOUT POSSIBLE TAKEOVER, REMAINS TO BE SEEN IF AGREEMENT WILL BE REACHED.  Full Article

Societe Generale Holds 5.52 Pct Of Voting Rights In Osram - Regulatory Filing
Wednesday, 10 Apr 2019 

April 10 (Reuters) - Osram Licht Ag ::SOCIETE GENERALE HOLDS 5.52 PERCENT OF VOTING RIGHTS AS OF APRIL 3 - REGULATORY FILING.  Full Article

Osram Adjusts Its Annual Forecast Due To A Weak Market
Thursday, 28 Mar 2019 

March 28 (Reuters) - Osram Licht AG ::OSRAM ADJUSTS ITS ANNUAL FORECAST DUE TO A WEAK MARKET.MANAGING BOARD OF OSRAM LICHT AG HAS DECIDED TODAY TO LOWER ITS FORECAST FOR FISCAL YEAR 2019 (CONTINUED OPERATIONS).AMONGST REASONS ARE CONTINUED MARKET WEAKNESS IN AUTOMOTIVE INDUSTRY, IN GENERAL LIGHTING AND IN MOBILE DEVICES. THIS HAS LED TO SIGNIFICANT INVENTORY BUILD UPS, PARTICULARLY IN CHINA.OSRAM PREVIOUSLY HAD PUT ITS GUIDANCE UNDER CONDITION THAT ORDER INTAKE WOULD NEED TO REVIVE MEANINGFULLY IN SUPPORT OF SECOND HALF OF FISCAL YEAR 2019.AT THIS POINT IN TIME SUCH A DEVELOPMENT HAS NOT OCCURRED, NOR IS IT EXPECTED FOR REST OF FISCAL YEAR.Q2 OF FISCAL 2019 IS EXPECTED TO SEE A REVENUE DECLINE OF ROUGHLY 15 PERCENT ON A COMPARABLE BASIS WHEN COMPARED TO PREVIOUS YEAR.ADJUSTED EBITDA MARGIN IN MID TO HIGHER SINGLE DIGIT RANGE.OPTO SEMICONDUCTORS BUSINESS UNIT HAS BEEN PARTICULARLY AFFECTED BY THIS BUSINESS DEVELOPMENT, IMPACTED BY UNDERUTILIZATION OF ITS PRODUCTION CAPACITIES.MANAGING BOARD NOW EXPECTS FOR CONTINUED OPERATIONS IN FISCAL 2019 A REVENUE DECLINE BETWEEN 11 AND 14 PERCENT (PRIOR: REVENUE GROWTH BETWEEN 0 AND 3 PERCENT).ADJUSTED EBITDA MARGIN BETWEEN 8 AND 10 PERCENT (PRIOR: BETWEEN 12 AND 14 PERCENT).  Full Article

UK's CMA Looking to Assess Osram's Acquisition Of RGI Light, Ring Automotive
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - UK CMA::CMA -CONSIDERING WHETHER ACQUISITION BY OSRAM OF RGI LIGHT, RING AUTOMOTIVE WILL RESULT IN CREATION OF MERGER SITUATION, COMPETITION LESSENING.  Full Article

Osram CEO Says We Are In Concrete Discussions With Interested Parities About Siteco Sale
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - Osram Licht ::CEO SAYS WE ARE IN CONCRETE DISCUSSIONS WITH INTERESTED PARITIES ABOUT SITECO SALE.CEO SAYS BREAKDOWN OF TALKS WITH BAIN CAPITAL AND CARLYLE <<>> IS POSSIBLE.CEO SAYS ON POTENTIAL MERGER, FURTHER PUBLIC DISCUSSION ON THIS WOULD BE OF DISADVANTAGE FOR OSRAM'S NEGOTIATING POSITION.  Full Article

Deals of the day-Mergers and acquisitions

July 16 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday: