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

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)
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