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Sanan Optoelectronics clarifies the acquisition of Osram rumors: only preliminary contact
In response to the report on the acquisition of German lighting giant Osram, Sanan Optoelectronics issued a clarification announcement on the evening of October 10, saying that after self-examination, the company is currently in preliminary contact with OSRAM related parties on a potential acquisition transaction or cooperation. The two sides only met once. Up to now, there has been no negotiation on the terms of the transaction (including scope and price), and there has been no relevant report on the proposed acquisition of German lighting giant Osram. Sanan Optoelectronics issued a clarification announcement on the evening of October 10, saying that after self-examination, the company is currently A potential acquisition transaction or cooperation event, initial contact with OSRAM related parties, the two sides only met once. As of now, there are no negotiations on the terms of the transaction (including scope and price), no binding documents, and whether the acquisition transaction or cooperation matters and related negotiations have significant uncertainties. The company's stock will resume trading on October 11. On October 6, according to German media reports, Chinese chip maker Sanan Optoelectronics plans to acquire Osram, a German lighting company. According to the current market price of 70 euros per share of OSRAM, the total acquisition cost is estimated to be 7.2 billion euros (about 53.7 billion yuan). After selling the lighting department to a Chinese consortium for 400 million euros in July 2016, OSRAM received an olive branch from a Chinese company.