Bloomberg reports Siemens may spin off Osram Sylvania lighting business as an IPO

Bloomberg reported today that Siemens AG is considering an IPO for its Osram business unit, which includes Sylvania Lighting. The article said Morgan Stanley estimates Osram has an enterprise value of 6.5 billion euros ($9 billion) to 7 billion euros and that the company is the second-largest lighting company in the world after Royal Philips Electronics NV, which owns Philips Lighting. Details

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