ams AG (SWX:AMS) entered into domination and profit and loss transfer agreement to acquire the remaining 29% stake in OSRAM Licht AG (XTRA:OSR) for €1.2 billion on September 22, 2020. As part of the agreement, ams is offering to acquire the remaining shares for a cash compensation of €44.65 per share. ams AG currently holds 71% stake OSRAM. As on November 2, 2020, ams AG agreed to increase the cash compensation offered to the shareholders of OSRAM from €44.65 per share to €45.54 per share. The managing Board and the supervisory Board of OSRAM recommend the shareholders to approve OSRAM's entry into the DPLTA in the Extraordinary General Meeting to be held on November 3, 2020. The offer is subject to OSRAM shareholder's approval. As of November 3, 2020, shareholders of OSRAM approved the transaction. As on February 9, 2021, shareholders have filed an appeal against the domination and profit and loss transfer agreement (BGAV) passed by the general meeting in November. PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft acted as a fairness opinion provider for ams AG and OSRAM.

ams AG (SWX:AMS) completed the acquisition of the remaining 29% stake in OSRAM Licht AG (XTRA:OSR) on March 3, 2021. The Managing Board of OSRAM Licht AG that ams decided to cause OSRAM to implement a delisting and to issue a delisting tender offer to the OSRAM shareholders. OSRAM is instructed to initiate the process regarding the revocation of the admission of the OSRAM shares to trading on the regulated market of the Frankfurt Stock Exchange (FSE) and the regulated market of the Munich Stock Exchange. Ams will offer to the shareholders of OSRAM to acquire all of their shares for a cash consideration in the amount of €52.30 per share. In light of the progressing integration process since the domination and profit and loss transfer agreement with ams became effective, OSRAM's Managing Board can understand the intention and will in the interest of the company support ams in this process.