Sanan Optoelectronics Clarifies Rumors of Acquiring Osram: Currently Only Preliminary Contact
Regarding reports about the proposed acquisition of German lighting giant Osram, Sanan Optoelectronics issued a clarification announcement on the evening of October 10, stating that, after self-inspection, the company has currently conducted preliminary contact with Osram-related parties regarding a potential acquisition transaction or cooperation matter, with only one meeting between the two sides.
The announcement stated that, as of now, the company has not negotiated transaction terms (including scope and price), has not signed any binding documents, and whether the acquisition transaction or cooperation matter and related negotiations will occur remains highly uncertain. The company's stock will resume trading on October 11.
Sanan resumes trading this morning
Osram and Siemens have not responded as of now.
On October 6, according to German media reports, Chinese chip manufacturer Sanan Optoelectronics plans to acquire German lighting company Osram. According to a German business weekly, Sanan Optoelectronics may propose paying approximately 70 euros ($78.39) per share of Osram stock. If a full acquisition is made, the valuation of Osram would be around 7.2 billion euros ($8.1 billion).
Once the news came out, it quickly swept through the entire LED industry, with various media scrambling to report it. Within the industry, there were optimists, those taking a wait-and-see attitude, and those who considered it impossible to succeed. The editor cannot help but quote Ding Jianhua, Senior Vice President of Jinshajiang Venture Capital Fund: "Especially when acquiring a company like Osram, which holds a pivotal position in the global lighting industry, both the government and market of the seller's country and those of the buyer's country will pay close attention. It involves a comprehensive game of political, economic, market, corporate, and other forces of all parties, and premature fermentation will undoubtedly cause the acquisition event to attract unnecessary excessive attention and interpretation." As for the acquisition, perhaps we should calm down and wait for the result.