The Austrian Financial Market Authority (FMA) is investigating a report by the German “Handelsblatt” (online) against the leadership of the chip and sensor manufacturer ams.
It is said that dubious stock transactions would be examined during the ongoing takeover of the lighting group OSRAM, as it is said.
“Of course, we investigate all indications of violations of the law and investigate the facts,” a FMA spokesman is quoted. The Austrian inspectors would also be supported in their work by the authorities in Germany and Switzerland.
According to information from judicial circles, the investigation had already started six months ago. It is about the clarification of larger share purchases and sales by the ams management, the article continues. There have been corresponding statements of facts by Osram managers and investors.
In addition, the board is said to have instructed foreign companies to buy their own shares. The “Handelsblatt” report continues to check whether such “directors dealings” are lawful.
The ams share crashed following this news. At the close on Thursday, it lost over 16 percent to CHF 14.00.
Zurich (awp)
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