US private equity firm, Advent International and Singapore’s Temasek Holdings are set to sell up to $185 million (Rs 1,328 crore) worth of shares in Crompton Greaves Consumer Electricals on Tuesday as the global...
PE firms eye minority stake in Syska LED
US-based private equity firms General Atlantic, Blackstone and TA Associates have evinced interest in Syska LED Lights Pvt. Ltd which plans to sell a significant minority stake, said two people aware of the matter...
Signify to buy Cooper Lighting from Eaton for $1.4 billion
Signify, the Dutch-based lighting company, said on Tuesday it has agreed to buy Cooper Lighting Solutions of the United States from Eaton Corp for $1.4 billion in cash. Signify’s Chief Financial Officer Stephane Rougeot...
Austria’s AMS fails to complete 4.5 billion euro takeover of Osram
Austria’s AMS said it had failed to reach a required threshold for completing a takeover of Osram but was still exploring strategic options to pursue the acquisition of the German lighting group. The sensor specialist...
AMS to publish results of its Osram takeover offer on Friday
Austrian sensor specialist AMS will publish the result of its takeover bid for German lighting group Osram on Friday, a company spokesman said ahead of a public holiday in Germany on Thursday. AMS had secured 19.99% of...
Bain and Advent in advanced talks about new Osram bid: sources
Bain Capital and Advent are in advanced talks about making a new takeover bid for German lighting group Osram, sources familiar with the matter told Reuters on Tuesday. The leader in automotive lighting has already...
Germany’s IG Metall union rejects AMS takeover offer for Osram
Germany’s powerful union IG Metall, which represents the interests of Osram (OSRn.DE) employees in the tussle over the German lighting group’s future, on Monday rejected a planned takeover offer from Austrian sensor...
Osram and AMS say takeover talks are constructive
Osram and AMS said on Wednesday that talks about a takeover of the German lighting group by the Austrian sensor maker were progressing. Earlier this week, Osram said it would consider a takeover by AMS that trumps a...
Top Osram investor rejects takeover offer at ‘knock-down’ price
The biggest shareholder in German lighting group Osram (OSRn.DE) Allianz Global Investors, has rejected a 3.4 billion euro ($3.8 billion) takeover offer from private equity firms Bain and Carlyle (CG.O), saying the...
Osram backs takeover offer from private equity firms
The managing and supervisory boards of Osram (OSRn.DE) are backing a 3.4 billion euro ($3.8 billion) takeover offer from private equity firms Bain and Carlyle (CG.O), the German lighting group announced on Thursday. The...
Electrical Switch Maker Salzer Electronics Buys 72.32% Stake In Kaycee Industries
Coimbatore-based electrical switch maker Salzer Electronics Ltd on Friday said that it has agreed to acquire 72.32% stake in its peer company Kaycee Industries Ltd in an all cash deal, the company said in a statement...
Polycab may file for $300 million share sale
International Finance Corp.-backed electrical goods maker Polycab will soon file its draft prospectus for an initial public offering (IPO), said two people aware of the development. The IPO will provide an exit route to...
