ams AG

Sensor maker AMS forecast on Tuesday a rise in revenues in the fourth quarter from the third, citing solid demand, as it sold a $900 million convertible bond to strengthen its finances after its takeover of lighting group Osram.

Sensor maker AMS forecast on Tuesday a rise in revenues in the fourth quarter from the third, citing solid demand, as it started selling a convertible bond to strengthen its finances after its takeover of lighting group Osram.

Sensor maker AMS on Thursday announced new measures to secure long-term financing after the takeover of Germany's lighting group OSRAM and posted third-quarter sales that are near the upper end of its guidance range.

Sensor maker AMS on Thursday unexpectedly reported a 13% drop in third-quarter group sales and announced new measures to secure long-term financing after the takeover of Germany's Osram.

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European stocks extended a rebound on Wednesday from a steep selloff earlier this week, with investors awaiting the latest business activity data to see if the economic recovery is stalling as many countries reimpose coronavirus restrictions.

Austrian sensor maker ams said on Tuesday it had signed a so-called domination and profit and loss transfer agreement (DPLTA) with Osram , in a key step towards closing out its 4.6 billion euro ($5.4 billion) takeover of the German firm.

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AMS said on Thursday its sensors will be used in vehicles built by China's Great Wall Motor Co Ltd from 2022 onwards, an important step for the Austrian company toward its goal of diversifying into the auto industry.

* Expects OSRAM domination agreement around year-end (Adds OSRAM results, shares, analyst)

Sensor specialist AMS AG , which just closed the takeover of German lighting group Osram, targets 2026 revenues of more than 10 billion euros ($11 billion) for the combined entity, an internal company presentation seen by Reuters shows.

Sensor specialist AMS AG , which just closed the takeover of German lighting group Osram, targets 2026 revenues of more than 10 billion euros ($11 billion) for the combined entity, an internal company presentation seen by Reuters shows.

Germany's financial markets watchdog Bafin is investigating potential insider trading in Osram shares prior to a statement of the German lighting group a year ago, it said on Tuesday.

The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

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European shares edged higher on Monday as investors clung to hopes of a quicker economic recovery in the continent even as coronavirus cases surged globally.

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