Osram flies to the Frankfurt stock exchange. The historic industrial brand active in the production of lights and bulbs in Germany it rose by 10,48% to 60 euros, after also reaching its all-time high of 61,75 euros during the morning. This is the largest daily gain in Osram stock in the past three years.
Giving wings to the company's shares are the rumors about an imminent "qualified offer" by the Chinese of the San'an Optoelectronics, reported by the weekly “Wirtschaftswoche”, according to which San'an would be willing to pay 70 euros for each Osram share, which would represent a premium of almost 30% compared to last night's closing (54,31 euros).
According to rumors, which have not been commented on by Osram, the offer could be formalized by mid-October. Siemens currently owns 17% of the company, but shouldn't oppose the entry of Chinese investors. Rumors of a possible sale have been circulating for at least a month, during which time Osram shares gained around 25%.
