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.
