Germany’s powerful union IG Metall, which represents the interests of Osram employees in the tussle over the German lighting group’s future, on Monday rejected a planned takeover offer from Austrian sensor specialist AMS. “For IG Metall, the strategy behind AMS’s offer is still not convincing,” a spokeswoman said. AMS plans to buy Osram in a deal that would value the bigger group at 4.3 billion euros ($4.8 billion), trumping a competing bid by finance investors Bain and Carlyle.

source https://finance.yahoo.com/news/germanys-ig-metall-union-rejects-134521331.html?.tsrc=rss