ams Completes Heptagon Acquisition

BusinessWire: ams announces the completion of the transaction to acquire 100% of the shares in Heptagon. The transaction includes approximately $64M in cash, 5,450,586 ams shares from currently held treasury shares as well as 11,011,281 new shares from authorized capital. The total number of shares outstanding of ams AG will therefore be 84,419,826.

Following the registration, the selling shareholders of Heptagon hold approximately 19.5% of the total registered share capital of ams. They are subject to a lock-up obligation ending in Q2 2018.