VIENNA: Shares in sensors specialist AMS and lighting group Osram fell on Monday on concerns AMS might revisit its US$4.9 billion takeover bid which collapsed on Friday.
"While we regard the failing of the bid as positive for AMS due to our concerns on the cost and benefits of the acquisition, it seems unlikely that the matter will end here with another bid being likely at some point," Liberum analyst Janardan Menon said in a note to clients.AMS had been prepared to take on 4.4 billion euros in additional debt and planned to issue new equity worth 1.6 billion euros to refinance part of the deal.
Shares in Osram, which became a takeover target after its strategy of turning itself into a high-tech company focused on LEDs and state-of-the-art laser chips did not bring the hoped-for success, fell as much as 4.5per cent to 39.00 euros, below the 41 euros that AMS had offered to pay.
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