Osram Licht AG (OSRn.DE)
Thu, May 16 2019
MUNICH German lighting group Osram said on Thursday that talks with Bain and Carlyle were continuing, after a report said the private equity groups could bid 35 euros per share for the company.
MUNICH German lighting company Osram Licht will find it tough to meet its full-year targets due to weakening demand, CEO Olaf Berlien said on Wednesday, cautioning that further cost cuts may be necessary.
* Share price falls by 2.6 pct after CEO interview (Adds CEO comment on cost cuts, context)
FRANKFURT, Feb 13 Bain Capital and Carlyle Group are considering a joint offer for Osram , the German lighting group which has been the subject of bid speculation said on Wednesday.
FRANKFURT Private equity firms Bain Capital and Carlyle Group are weighing a joint bid for Germany's Osram Licht, Bloomberg reported on Wednesday.
FRANKFURT German lighting company Osram on Thursday said all its divisions fared badly in its fiscal first quarter due to a weakening Chinese market and a downturn in the auto sector leading to a net loss of 5 million euros.