German lighting group Osram said on Wednesday that its supervisory board would m...
), which expressed interest in a deal but never made a concrete takeover offer, one of the people said.Osram, which is grappling with weakness in the automotive industry and a broader economic slowdown, said in February that Bain and Carlyle were looking at whether to jointly bid for up to 100 percent of its shares.
But his plan has failed to win over investors and the company has faced headwinds, particularly in its main automotive market where weakness often ripples through semiconductor and component supply chains early in downturns. In May, the company posted a hefty drop in second-quarter earnings, pointing to a downturn in the automotive industry and a broader economic slowdown, prompting investor fears about its future earnings.
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