Implementing the agreement “will enable the swift and successful integration of ams and Osram into a combined company that offers profitable growth for the long term”, ams CEO Alexander Everke said in a statement.
To take effect, the agreement will require the support of 75% of shareholders at an extraordinary general meeting planned on Nov. 3. Ams already owns 71% of Osram.
The domination agreement foresees an offer to buy out outside shareholders at 44.65 euros per share. It also contains annual recurring compensation of 2.24 euros.
Osram shares closed on Tuesday at 43.40 euros.