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Premstätten / Munich (dpa) - The Austrian majority owner AMS wants to take the Munich lighting company Osram off the stock exchange.
To this end, AMS submitted an offer to buy on Monday to the remaining owners, who hold around 28 percent of the shares.
The sensor manufacturer is offering 52.30 euros per share, as the company announced in Premstätten.
The shareholders are expected to have between May 21 and June 18 to accept the offer.
However, the price is only the legal minimum for a so-called delisting offer, as AMS itself admitted.
The Austrians want to take Osram off the stock exchange regardless of how many shareholders accept the offer despite the meager premium on Monday's closing price of 51.95 euros.
AMS took over Osram in 2019 after a long struggle.
A first takeover offer missed the acceptance threshold, the second threatened to fail due to hedge funds.
But in December the Austrians reported that they had achieved the target of 55 percent of the shares.
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© dpa-infocom, dpa: 210503-99-454148 / 2