Hints and tips:
...In a letter to Osram, the consortium pledged “the future of Osram needs to be well aligned with all stakeholders, including unions and employee representatives”....
...Osram countered that discussions are still on. Shares nonetheless dipped 6 per cent on Thursday. Osram shareholders should be wary of any opportunistic bids that follow....
...(Reuters) News round-up WeWork puts three businesses up for sale (The Information) Thyssenkrupp set to accelerate break-up under female boss (FT) Bain and Advent prepare rival offer in Osram bidding...
...Private equity buyout volumes in Germany have surged to pre-crisis levels with the help of KKR’s acquisition of a minority stake in Axel Springer and Carlyle and Bain’s €3.4bn offer to buy lighting company Osram...
...(NYT) News Round-Up Osram/Bain/Carlyle: sensor proportion (FT) Moody’s warns Merlin’s £6bn take private deal could lead to downgrade (FT) Axa Investment to buy New York-listed Northstar Realty (FT)...
...Take Osram, the lighting unit spun out of Siemens in 2013....
...GTE Sylvania. Anti-trust was tilted firmly away from away from hard and fast per se rules to questions of efficiency and competition, or standards of reason. What was once black and white turned grey....
...That is more than the combined value of Osram Licht and Infineon, earlier Siemens offspring....
...Shares in German lighting specialist Osram are up more than 28 per cent since it spun out of Siemens in July, far outstripping the market....
...When Korea Inc is found guilty of breaking rules on international technology rights, it makes headlines (see Apple vs Samsung)....
...A recent research paper by Berenberg Bank of Germany suggested that many jobs had been lost in western economies over the past decade as GE, Osram, Philips, Sylvania and other “industry leaders in traditional...
...Hapag-Lloyd, the container shipping group, and Siemens’ Osram unit have both shelved multibillion-euro flotation plans, and Evonik, the large German chemicals company, is expected to follow suit soon....
...Siemens aims to list its Osram lighting unit this autumn, in what could be Germany’s largest public offering for several years....
...future include Spanish lottery company Loterias, Acromas, the UK private equity controlled group that was formed from AA and Saga in 2007, German chemicals maker Evonik, and Siemens’ light-making unit Osram...
...German conglomerate Siemens was in focus after rumours that it was to sell its Osram lighting business to raise funds to purchase Invensys, the British engineering group....
...- Corporate: BHP Billiton, Halfords, BAA, Phorm, Yamana Gold, Charter International, Sylvania Resources, Filtronic, Costain, Jarvis Securities, Rensburg Sheppards, Ideal Shopping, PZ Cussons....
...For instance, Havell’s, an India-based maker of electrical and lighting products, last year acquired Sylvania, a Germany-based rival for $300m....
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