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Enterprising Investor

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Re: Enterprising Investor post# 21

Friday, 06/14/2013 12:56:06 AM

Friday, June 14, 2013 12:56:06 AM

Post# of 59
Siemens' Osram Spin-Off Set for July 8 (6/13/13)

Industrial conglomerate Siemens AG (SI) said Thursday that the spin-off of its lighting unit Osram is planned for July 8.

A spokeswoman confirmed the date, which was mentioned in investor presentations by Chief Executive Officer Peter Loescher and Chief Financial Officer Joe Kaeser.

On July 8, Siemens shareholders will receive one Osram share for every 10 Siemens shares they hold. After the spin-off, Siemens will hold 17% of Osram and 2.5% will belong to a Siemens pension fund.

Siemens values Osram at EUR3.2 billion ($4.26 billion).

Write to Ursula Quass at ursula.quass@dowjones.com

http://online.wsj.com/article/BT-CO-20130613-703668.html

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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