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AMS stock price pops 3% on a possible sale of Osram’s auto unit

By: Invezz

Shares of AMS (SIX: AMS) jumped 3% today after reports emerged that the sensor specialist might sell its auto Osram’s (ETR: OSM) auto unit.  Fundamental analysis: Quick turnaround AMS, the Austria-based designer and manufacturer of the high-performance sensor solutions, is considering selling the auto unit of its Osram business. The Austrian giant is yet to complete the Osram takeover, after agreeing on a deal in December last year.  “We can neither relate to the current conclusions found in media speculation nor do we see a basis for this,” AMS said in a written statement. Osram, the Munich-based firm, is considered

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