Siemens Board Approves Plan To Propose Osram Spinoff At January AGM

As we reported earlier, Siemens(SI) board was meeting today to discuss moving forward with the spinoff of its Osram lighting division. Today, the company announced that the board will propose the spinoff to shareholders at its Annual General Meeting on January 23. The plan requires 75% approval at the AGM. The company will be distributing 80.5% of Osram…