Austrian sensor manufacturer AMS say their planned takeover of Osram should proceed as expected, despite the uncertainties thrown up by the global coronavirus crisis.
Last week AMS, who are listed on the Swiss stock exchange, said the all-cash deal should close by the end of this June, while their €1.65bn rights issue, needed to partially finance the deal, also is proceeding as planned. Through that deal, AMS aim to create a global leader in optical sensors and photonics with expertise across VCSELs, 3D illumination, image sensors, automotive lidar, and other such fields.
AMS say they’ve received positive feedback from a number of their large existing shareholders and other investors looking to participate in the rights issue, which received overwhelming support in a shareholder vote this past January.