Osram shares surge after AMS takeover bid is successful
) said it had succeeded at its second attempt with a 4.6 billion euro takeover bid for the German lighting group.
Zurich-listed shares in AMS, which supplies Apple with facial-recognition sensors for iPhones and wants to create a leader in integrated sensors and lights with a focus on self-driving cars, were down 5.5%. There will also be an “additional acceptance period” until Dec. 24 in which any holdouts can tender their shares, AMS said on Friday.
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