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(Bloomberg) -- AMS AG renewed its 4 billion-euro ($4.4 billion) offer for Osram AG, relaxing a key shareholder acceptance requirement as a rival suitor dropped out of the bidding for the German lighting company.While the price offered by the Austrian sensor maker remains 41 euros a share, the acceptance threshold was lowered to 55%, AMS said in a statement Friday. Osram jumped 3% in Germany, while AMS dropped 4.6% in Zurich before trading was suspended prior to the announcement.AMS, a supplier to Apple Inc., has pursued the former Siemens AG division through numerous setbacks and a prolonged takeover battle. It moved to block rival suitors Bain Capital and Advent International by acquiring a 19.9% stake in Osram, yet AMS Chief Executive Officer Alexander Everke has yet to win over the German company’s labor unions.“We are in constructive discussions with Osram,” Everke said in the release, adding that commitments to employees and...
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(Bloomberg) -- Emerging-market currencies are winning fans again as the dollar wobbles, but their resilience will be tested during what’s shaping up to be a pivotal week.Turkey’s central bank will make an interest-rate decision on Thursday, two days after a U.S.-brokered truce in northern Syria is due to expire. Estimates range from a hold to a cut of as much as 225 basis points. Argentina’s presidential election takes place next Sunday, two-and-half months after leftist challenger Alberto Fernandez shocked investors by beating incumbent Mauricio Macri in a primary vote. More twists in the Brexit saga and slowing economic growth in China complicate the picture.Developing-nation currencies climbed for a third week as the dollar slumped to the lowest level since July on Friday. Traders are mostly convinced the Federal Reserve will deliver its third straight rate cut this month. Carry-trade returns for eight emerging markets funded by short positions in the U.S....
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