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AMS sparks bidding war for Osram

  • Austrian sensor specialist AMS (OTCPK:AMSSY) has triggered a bidding war for Osram (OTC:OSAGY), saying it was ready to pay $3.8B for the German lighting group's shares, 10% more than finance investors Bain Capital and Carlyle (NASDAQ:CG) have already offered.
  • AMS is working on reducing its dependency on Apple, which it supplies with sensors for facial recognition technology, and is investing heavily in technology for self-driving cars.
  • Grappling with weakness in the auto industry, Osram has sparked bidding interest because of its potential as a supplier for connected and autonomous cars.

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