Ams AG entered into domination and profit and loss transfer agreement to acquire the remaining 29% stake in OSRAM Licht AG for €1.2 billion.

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.