|Bid||29.61 x 25900|
|Ask||29.70 x 17000|
|Day's Range||27.66 - 29.95|
|52 Week Range||24.60 - 42.58|
|Beta (3Y Monthly)||-0.11|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.11 (4.04%)|
|1y Target Est||42.81|
(Bloomberg) -- Bain Capital and Carlyle Group LP’s pursuit of Osram Licht AG faces a key test this week as the buyout firms meet banks to discuss funding a potential bid for the German lighting business, people with knowledge of the matter said.Potential lenders to the consortium have raised concerns about future earnings forecasts for the company after Osram issued a string of profit warnings, according to the people. That has led the banks to reconsider the terms they’re willing to offer on an acquisition loan, the people said, asking not to be identified because the information is private.The financing complications have made it more difficult for the suitors to meet Osram’s asking price, one person said. Osram has been seeking about 36 euros per share, which would value the Munich-based firm at around 3.5 billion euros ($4 billion), the people said. Bain and Carlyle have so far struggled to justify a bid at that level, according to one of the people.Bain and Carlyle remain in talks with lenders on financing for a potential offer, according to the people. The situation is fluid, and the buyout firms could make a decision as soon as the next few days about whether to proceed with a formal bid, they said. Representatives for Bain, Carlyle and Osram declined to comment.Osram was initially hoping to reach a preliminary agreement on price with the suitors last week, though negotiations have dragged on, the people said. It hasn’t helped that Osram’s shares have risen nearly 10% since the beginning of last week, narrowing the potential premium from any offer. They were trading at 27.63 euros on Tuesday afternoon in Frankfurt, giving the company a market value of 2.7 billion euros.Negotiations to buy Osram, a former Siemens AG unit, have been moving slowly since they were first revealed in February. Osram in March announced its sixth profit warning in just over a year as orders slowed for its lights, which are used in cars and smartphones. The company said in May the general economic slowdown is hurting its business.Read more about Osram’s financial results here.Osram Chief Financial Officer Ingo Bank said in a Bloomberg Television interview in May that talks with the company’s private equity suitors were continuing, though the question of whether they’d finally place a bid was still open.\--With assistance from Oliver Sachgau.To contact the reporters on this story: Eyk Henning in Frankfurt at firstname.lastname@example.org;Sarah Syed in London at email@example.com;Dinesh Nair in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Dinesh Nair at email@example.com, ;Kenneth Wong at firstname.lastname@example.org, Amy Thomson, Ben ScentFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Today we'll look at OSRAM Licht AG (ETR:OSR) and reflect on its potential as an investment. Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes Read More...
With the sale of its North American services business, Sylvania Lighting Solutions (SLS), Osram is making further progress toward becoming a photonics champion. In WESCO International, Osram has found the best new owner for the services business with approximately 220 employees and annual sales of more than 100 million US dollars.
Osram, a leader in the optoelectronic industry, today announced its new Oslon Black SFH 4736 near-infrared LED (NIRED). When installed in a smartphone or tablet, the NIRED offers a simple way for farmers to scan fruit, vegetable or grain crops, generating reliable information about the sugar, water and fat content. One of the most important decisions for farmers and vineyard owners is picking the right time to harvest.
(Bloomberg Opinion) -- Private equity firms are sniffing around the walking wounded of German stock market — a fertile hunting ground, given it has been a production line of profit warnings this year.
After looking at OSRAM Licht AG’s (ETR:OSR) latest earnings announcement (30 June 2018), I found it useful to revisit the company’s performance in the past couple of years and assessRead More...
Osram Licht AG Chief Financial Officer Ingo Bank discusses the company's third-quarter profit and the impact of a stronger euro and trade tariffs on the lighting and auto parts business. Bank speaks on ...
Osram Licht AG became the latest domino to fall in President Donald Trump’s trade war, warning that rising tensions are weakening the outlook for the automotive industry the German company supplies with headlights and components. The announcement on Thursday, sending Osram shares down as much as 23 percent, is part of an almost-daily litany of companies warning of fallout from the U.S. president’s push to upend the global trade framework. With rising friction over automotive tariffs high on the agenda of European Union leaders meeting in Brussels, U.S. Trade Representative Robert Lighthizer on Wednesday blasted the bloc’s tit-for-tat response to U.S. levies on steel and aluminum.