Osram: shares continue rising on takeover rumours
(CercleFinance.com) - Shares in German lighting group Osram are extending gains this morning, after jumping over 16% on Tuesday following media reports that private equity funds are studying a potential takeover bid.
The stock is currently trading at 39.3 euros, up 1.4%, although well below its peak of 79 euros reached in January 2018.
"In a first evaluation of the news that private equity firms are exploring a takeover we see an initial potential valuation range of 42 euros-45 euros in such a scenario," UBS reacted today.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The stock is currently trading at 39.3 euros, up 1.4%, although well below its peak of 79 euros reached in January 2018.
"In a first evaluation of the news that private equity firms are exploring a takeover we see an initial potential valuation range of 42 euros-45 euros in such a scenario," UBS reacted today.
Copyright (c) 2018 CercleFinance.com. All rights reserved.