Austria's AMS says looking forward to discussions with Osram

August 13, 2019 3:17 AM

VIENNA (Reuters) - Sensor specialist AMS (NYSE: AMS) (NYSE: AMS) on Tuesday said it took note of Osram's willingness to discuss a takeover and was looking forward to discussions.

The Austrian company said on Sunday it was ready to make a cash offer valuing German lighting company Osram at 4.3 billion euros ($4.8 billion), 10% more than Bain Capital and Carlyle (NASDAQ: CG) have offered.

"We have taken note of Osram's ad-hoc announcement," a spokeswoman said, adding that AMS was looking forward to the opportunity to hold discussion.

($1 = 0.8937 euros)

(Reporting by Kirsti Knolle; editing by Jason Neely)