Germany’s Osram urges investors to accept $4.8 billion AMS offer

By Kirsti Knolle and Jörn Poltz VIENNA/MUNICH (Reuters) - Osram advised shareholders to accept a 4.3 billion euro ($4.8 billion) bid from AMS on Monday, bringing the Austrian sensor specialist a step closer to taking over the bigger German lighting group. AMS, best known for supplying Apple with sensors for its latest iPhones, this month offered 38.50 euros per share for the leader in automotive lighting, outbidding private equity investors Bain Capital and Carlyle Group by 10%. To reduce dependence on smartphone producers, AMS wants to combine its business with Osram's to expand in the auto industry and supply manufacturers with sensors and lighting solutions for self-driving cars

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