Deals & Cases

ams Successfully closes Takeover Offer for OSRAM

09.07.2020

On 9 July 2020, SIX Swiss Exchange-listed ams AG, Premstätten, Austria, a leading worldwide supplier of high performance sensor solutions, announced the successful closing of its all cash EUR 4.3 billion (competing) takeover offer for all the shares in DAX-listed OSRAM Licht AG, Munich, (OSRAM). The financing of the transaction has been secured through an acquisition bridge facility by HSBC and UBS, refinanced through a combination of equity and debt issuances.

Following the closing, ams holds 69% of all shares in OSRAM equivalent to a transaction value of around EUR 2.7 billion. The successful acquisition is set to combine ams and OSRAM into a worldwide leader in sensor solutions and photonics.

Schellenberg Wittmer acted as Swiss legal counsel to ams AG in this transaction.

The Schellenberg Wittmer core team included Lorenzo Olgiati and Pascal Hubli (both Corporate / Capital Markets), Philippe Borens, Shawn R. Gregory and Fabio Elsener (all Banking & Finance / Capital Markets), Michael Nordin and Roland Wild (both Tax), as well as David Mamane (Competition).

 

Subscribe to our Updates

*Required fields

Monthly selected key topics from our practice areas and sectors, plus Newsflashes on current events.
Monthly email with the latest updates on and summaries of the Swiss Federal Supreme Court's case law in arbitration matters.
A regular look (1 – 2 per year) from a unique M&A perspective on legal changes, economic developments and societal trends in Switzerland.
Regular insights on Swiss and international trends and legal developments in the construction industry.
Concise analyses of key trends in the fast moving world of corporate governance for the boards of Swiss companies.