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Osram says still in talks with Bain and Carlyle, shares spike


Reuters


MUNICH, May 16 (Reuters) - German lighting group Osram said on Thursday that talks with Bain and Carlyle were continuing, after a report said the private equity groups could bid 35 euros per share for the company.

"Talks are ongoing. Due diligence is not finished yet," a company spokesman said.

Spokeswomen for Bain and Carlyle declined to comment.

Shares in Osram Licht rose 4.6% to 28.59 euros by 1403 GMT.






This article appears in: World Markets , US Markets , Stocks
Referenced Symbols: CG ,




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