Schellenberg Wittmer advised ams in its takeover offer for OSRAM

On 9 July 2020, SIX Swiss Exchange-listed ams, Premstätten, Austria, a 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. 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 team 

Schellenberg Wittmer acted as Swiss legal counsel to ams in this transaction. The team included partners Lorenzo Olgiati (pictured) and Pascal Hubli (both Corporate / Capital Markets), Philippe Borens, associate Shawn R. Gregory and senior associate Fabio Elsener (all Banking & Finance / Capital Markets), partner Michael Nordin and senior associate Roland Wild (both Tax), as well as partner David Mamane (Competition).