Austrian sensor specialist AMS
on Tuesday launched a public bid for much
bigger Osram Licht that beats a rival offer for the
German lighting group from private equity investors Bain Capital
and Carlyle Group by 10%.
U.S. companies planning to
launch initial public offerings (IPOs) in the coming weeks are
hoping that August's bout of stock market volatility will
subside this month, according to investment bankers and capital
markets lawyers advising them.
bracing to see how Argentine assets fare on Tuesday as U.S.
markets reopen after a holiday weekend and Latin America's third
largest economy marks its second day under new currency