Silva, RuiMajor, EuclidesPires, Rui Pedro Gouveia2024-10-112024-10-112024-01-232023-12-20http://hdl.handle.net/10362/173358Departing from October 5th, right after AMS's second tender offer failed, this case examines the strategic acquisition of OSRAM by AMS, following a competitive bidding war involving Bain Capital, The Carlyle Group, and Advent Capital. Its primary purpose is to understand the reasoning behind AMS's bid and to assess whether a subsequent bid would be advisable, by conducting a detailed analysis of the financial implications, market response, and strategic decisions that derive from the transaction.engMergers and acquisitionsSynergiesValuationCorporate financeCorporate valuationStrategyDiversificationPrivate equityBidding warInnovationTechnologySemiconductorsLightingmaster thesis203604326