04.07.2019 OSRAM Licht AG  DE000LED4000

DGAP-Adhoc: OSRAM supports a voluntary public takeover offer from Bain Capital and The Carlyle Group valued at 35 euros per share


DGAP-Ad-hoc: OSRAM Licht AG / Key word(s): Offer
OSRAM supports a voluntary public takeover offer from Bain Capital and The Carlyle Group valued at 35 euros per share

04-Jul-2019 / 22:23 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Following detailed discussions, a bidding consortium composed of Bain Capital and The Carlyle Group has presented to the Managing Board and Supervisory Board of OSRAM Licht AG (Osram) a legally binding transaction offer for the public takeover of all the outstanding shares of Osram.

With an offer price of 35,00 Euros per Osram share, Bain Capital and The Carlyle Group have submitted a bid that the Managing Board and Supervisory Board consider to be attractive. The offer represents a premium of approximately 21 percent on the closing share price on Tuesday. The offer places an equity value on Osram of approximately 3.4 billion Euros and an enterprise value of approximately 4 billion euros. Bain Capital and The Carlyle Group have announced a minimum acceptance threshold of 70 percent, a number of additional standard market conditions and an offer acceptance period until beginning of September. The threshold does not include shares owned by Osram itself.

Following a careful review of the transaction offer, the Managing Board and the Supervisory Board of Osram have come to the conclusion that it would be in the best interests of the company and in the interests of shareholders and other stakeholders to support the offer from Bain Capital and The Carlyle Group. The Managing Board, has therefore decided to waive the existing standstill agreements with Bain Capital and The Carlyle Group.

Osram, Bain Capital and The Carlyle Group have today signed an investor agreement. In this agreement the parties have indicated their commitment to the existing corporate strategy of Osram. Bain Capital and The Carlyle Group pledge to support the transformation of the company both strategically and financially and to cooperate closely with the present Managing Board of Osram. They are also making extensive commitments to protect Osram's workforce and locations.

The offer document will be published at a later date by Luz (C-BC) Bidco GmbH, a holding company jointly controlled by funds of the financial investors Bain Capital Private Equity and The Carlyle Group, in accordance with the requirements of the German Securities Acquisition and Takeover Law (WpÜG) following approval by the German Federal Financial Supervisory Authority (BaFin). After publication, the Managing Board and Supervisory Board will carefully review the offer document and submit a reasoned response in accordance with paragraph 27 of the German Securities Acquisition and Takeover Law (WpÜG). As of today, the Managing Board and Supervisory Board of Osram assume that they will recommend that shareholders should accept the offer.

Juliana Baron
Head of Investor Relations

Investor Relations
Marcel-Breuer-Straße 6
80807 München, Deutschland
Tel. +49 89 6213-3030
mailto:[email protected]

04-Jul-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: OSRAM Licht AG
Marcel-Breuer-Straße 6
80807 München
Phone: +49 89 6213-0
Fax: +49 89 6213-3629
E-mail: [email protected]
Internet: www.osram-group.com
ISIN: DE000LED4000
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange
EQS News ID: 836627

End of Announcement DGAP News Service

836627  04-Jul-2019 CET/CEST


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 3.572,00 3.785,00 4.128,00 4.115,00 3.464,00 3.039,00 3.434,00
EBITDA1,2 543,00 621,00 621,00 522,00 176,00 157,00 481,00
EBITDA-Marge3 15,20 16,41 15,04 12,69 5,08 5,17 14,01
EBIT1,4 343,00 718,00 397,00 271,00 -341,00 -258,00 0,00
EBIT-Marge5 9,60 18,97 9,62 6,59 -9,84 -8,49 0,00
Jahresüberschuss1 171,20 532,00 224,00 141,00 -467,00 -271,00 0,00
Netto-Marge6 4,79 14,06 5,43 3,43 -13,48 -8,92 0,00
Cashflow1,7 579,80 373,00 548,00 279,00 174,00 109,00 0,00
Ergebnis je Aktie8 1,58 3,83 2,26 1,42 -4,23 -1,96 0,78
Dividende8 0,90 1,00 1,11 1,11 0,00 0,00 2,24
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2019 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ernst & Young

Osram Licht
WKN Kurs in € Einschätzung Börsenwert in Mio. €
LED400 53,100 Halten 5.142,63
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
46,17 23,18 2,00 81,69
2,96 47,18 1,69 37,59
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
0,00 0,00 0,00 23.02.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
09.02.2021 07.05.2021 - 02.12.2020
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
0,49% 1,78% 2,39% 20,08%
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Elektrotechnik , LED400 , OSR , XETR:OSR