Osram is one of the largest lighting manufactures in the world and is responsible for making many of the LEDs found in a variety of different products – but it’s supposedly the target of a multi-billion-euro acquisition of China’s Sanan Optoelectronics.
Sanan Optoelectronics is significantly smaller than Osram, but it’s thought that much of the funding for the acquisition could come from the Chinese government.
According to German magazine Wirtschaftswoche, Osram could be valued at as much as 7.2 billion euros as part of the bid – equalling around 70 euros per share.
Shares for the company have lifted some 10% since news broke about the potential acquisition, but as it stands the offer would be 16% premium on the current value of the shares – which stands at 60 euros.
Sanan wants to present a “qualified offer” by mid-October to acquire Osram, the magazine said, citing unnamed sources involved in the negotiations.
It wouldn’t be the first time it has done business with a Chinese company; in July the company sold its lamps unit to a Chinese consortium for more than 400m euros.