Sensor specialist AMS triggers bidding war for Germany’s Osram

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Austrian sensor specialist AMS triggered a bidding war for Osram on Sunday, saying it was ready to pay $3.8 billion for the German lighting group’s shares, 10% more than finance investors Bain Capital and Carlyle have already offered.

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VIENNA (Reuters) – Austrian sensor specialist AMS (AMS.S

FILE PHOTO: CEO of lamp manufacturer Osram Olaf Berlien poses during the opening of the company ‘World of light’ showroom in Munich, Germany, October 24, 2017. REUTERS/Michaela Rehle/File Photo