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Home / Business / European shares decline, AMS bid for Osram puts M&A in focus By Reuters

European shares decline, AMS bid for Osram puts M&A in focus By Reuters



© Reuters. European equities decline, AMS bid on Osram puts M&A in focus

(Reuters) – European equities backtracked on Monday following a fierce week highlighted by US-China trade tensions and Italy's political turmoil, with a bidding war for German lighting group Osram possibly heating up deals in the region.

The pan-European index STOXX 600 () climbed 0.8% and all subsectors rose, but trading was still thin as most key markets in Asia were closed for vacation.

The bidding war for Osram (DE 🙂 became more intense after Swiss-listed sensor specialist AMS (S 🙂 said it was ready to pay 1

0% more than Bain Capital and Carlyle (O :).

Osram shares were up 10%, while AMS shares fell 9%.

Shares of oil and gas explorer Tullow Oil Plc (L 🙂 jumped 15% after announcing a major oil discovery in the Orinduik block of Guyana. [19659004TheConcernedLong-TermTradeBetweentheUSandChina'sWebsiteshowevertheOverseasMarkets-UnsubscribedAvailableisightGoldmanSachs(NYSE:)AllCFDs(stocksindicesfutures)andForexpricesarenotprovidedbystockexchangesbutratherbymarketmakerssopricesmaynotbeaccurateandmaydifferfromactualmarketpriceswhichmeanspricesisindicativeandnotappropriatefortradingpurposesThereforeFusionMediabearsnoresponsibilityforanylossoftradeyoumayincurasaresultofusingthisdata

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