Siemens shareholders plan to challenge Osram spin-off: report

Posted on February 24, 2013

Packages of 30 watt light bulbs of lamp manufacturer Osram are pictured in a shop in GermeringFRANKFURT (Reuters) – A group of investors plans to challenge German industrial conglomerate Siemens' move to spin off its lighting division Osram, German paper Frankfurter Allgemeine Zeitung reported, without saying where it obtained the information. Nine unidentified investors on Monday plan to file a lawsuit which could lead to a delay in the planned listing of Osram, because the division cannot become registered while the lawsuit is ongoing, the paper said. Shareholders agreed at a meeting on January 23 to spin off 80.5 percent of Osram, which has a book value of 2. …


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