An initial share sale in Siemens' (SI) Osram lighting unit has been scrapped in favor of a...

|About: Siemens AG (SIEGY)|By:, SA News Editor

An initial share sale in Siemens' (SI) Osram lighting unit has been scrapped in favor of a "dividend in kind spinoff," which would allocate Osram shares to existing Siemens shareholders. The spinoff means Osram's public listing will be "more independent of capital market conditions." Shares -3.4% in London. (PR .pdf)