The long, drawn out Osram (MU:OSR) saga finally came to a close a few weeks ago when ~80% of the shares in the lighting company were officially listed on July 8th. Siemens (SI) shareholders received one share of Osram for every 10 shares of Siemens owned. The shares are currently trading on foreign exchanges as there doesn’t appear to… Read More »
The saga of Siemens’ (SI) spinoff of Osram, which we first wrote about on March 18, 2011, and which recently survived a strange shareholder lawsuit, is drawing to a close. In a pair of presentations by Peter Löscher, President and CEO and by Joe Kaeser, CFO, the company included a July 8 date for the spinoff on a… Read More »
It’s been well over a year since we mentioned that Siemens(SI) was looking to divest its Osram lighting unit. Now, 16 months later, unable to get the price it wanted, or to conduct an IPO, the company plans to spin off the unit to shareholders. On its recent conference call, Siemens CEO Peter Loscher announced the plans: As… Read More »