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Backing the ams bid: Osram CEO Olaf Berlien
Osram CEO Olaf Berlien told investors that the €4.5 billion all-cash takeover bid now proposed by ams represented a "substantially improved" offer compared with the Austrian firm's initial proposal. It comes as the lighting firm battles tough markets, particularly in China and the automotive sector, and tries to reposition itself as a photonics technology company. Photo: Osram.
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