The Austrian sensor maker AMS makes a rival and higher bid for Osram Light. The German lighting manufacturer recently approved a takeover bid of 3.4 billion euros from investors Bain Capital and Carlyle Group.

The offer from AMS is 38.50 euros per share, while the offer from Bain and Carlyle is 35 euros per share. The Austrians would like to consult Osram. However, the Osram administration immediately indicated that the chance of the Austrian proposal being successful is low. Reportedly, AMS had previously shown interest in Osram, but those informal conversations were cut off.

Osram, which was put on its own two feet by Siemens in 2013 and is already 110 years old, has been struggling for ages. This is partly due to the poor performance of the car industry and the less favorable global economic outlook.

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