2/13, 8:46 PM (Source: TeleTrader)
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Osram confirms Bain, Carlyle takeover negotiations

Osram Licht AG confirmed on Wednesday it was in takeover negotiations with Bain Capital LP and Carlyle Group, validating earlier media reports.

The two equity firms are considering a joint acquisition which would take the Munich-based manufacturer private, six years after it was listed on the Frankfurt Stock Exchange. According to the press release, the company is "engaged in detailed discussions with the interested parties," although it is not clear if an investment will be made following their conclusion or if the talks will succeed at all.

The company stock rose 14.32% following the announcement.

Breaking the News / MD