Light bulbs producer Osram Licht seems to come into the hands of investment funds Bain and Carlyle. The German company’s supervisory board would meet on Thursday to discuss a takeover bid worth 3.8 billion euros, insiders reported to Reuters news agency.
The two investors are said to have been financing the deal in recent days. In addition, 35 euros per Osram share would be paid. The stock closed Wednesday on the stock exchange in Frankfurt already 11.5 percent higher at 32.25 euros due to the rumors.
Osram, which was set up by Siemens in 2013, has been struggling for ages. This is partly due to the poor performance of the car industry and the less favorable global economic outlook. The company has recently been forced to dampen expectations.
Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email firstname.lastname@example.org