- The company had a stellar 2019, and while 2020 prospects would have been affected by the coronavirus pandemic anyway, they have turned south.
- ams is in the midst of acquiring OSRAM, a company which will experience stronger headwinds from the pandemic as auto sales are collapsing at least temporarily.
- Worse is the company is now saddled with 5B euros in debt and had to greatly dilute existing shareholders.
- It’s difficult to blame management; the timing of the pandemic couldn’t have come at a worse time for them.
ams AG Bought OSRAM At Exactly The Wrong Time
April 11th, 2020 · No Comments