September 16, 2019 / 10:08 AM / a month ago

Austria's AMS holds nearly 3% of shares in Germany's Osram

MUNICH, Sept 16 (Reuters) - Austrian sensor specialist AMS is actively buying Osram shares and currently holds a stake of almost 3% in the German lighting group, its chief executive said on Monday.

AMS launched a 4.3 billion euro ($4.8 billion) takeover bid for Osram earlier this month, beating a rival offer from private equity investors Bain Capital and Carlyle Group by 10%.

AMS's Osram shares will be counted towards the minimum acceptance threshold in the takeover process, Alexander Everke said at a news conference in Munich. ($1 = 0.9041 euros) (Reporting by Joern Poltz Writing by Kirsti Knolle Editing by Michelle Martin )

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