Most Interesting Thing About Siemens Spinoff? …Not Siemens! Reveals Osram /
SIE Spinoff Report
NEW YORK & MUNICH -- July 5, 2013
Strong growth is expected in the global LED lighting market and with dozens of
brokers covering the $88bn industrial conglomerate, Siemens (SIE), little to
no detailed work has been done by the sell-side brokers to fully evaluate the
fundamental valuations and opportunities post break-up for Siemens’ world
leading lights business, Osram (OSR) that will be listed via a Spinoff next
Monday (July 8).
“Technically, by knowing the break-up valuations, there’s a significant
potential upside play for investors post Osram separating from its parent
Siemens. Our pre-event anaylsis reveals precisely why and importantly when
[what price] it’s worth buying”, comments Ryan Mendy, COO of TSR (The Spinoff
Report®), the UK based, top global independent research advisor on Corporate
Spinoffs and Special Situations.
Selling Pressure? To hear exactly why, or for TSR’s 34 page full research note
on Siemens/Osram, readers can click here to request it or email
Mendy continued: “Siemens’ spinning off Osram is a positive step in the
direction of reviving the lighting business, which is going through the
“The global lighting market is currently undergoing major fundamental changes
wherein the technological change, with respect to products based on light
emitting diodes (LED) are expected to witness strong growth against
traditional products experiencing a decline. Osram is represented as
discontinued operations in the consolidated financial statements of Siemens
AG. Siemens (ex-Spinoff), on the other hand, is focused on strengthening core
activities and cost reduction strategy through its productivity improvement
programs, a benefit which is to start flowing from FY14”, added Mendy.
Uniquely, 130 future Spinoffs are under coverage on TSR’s latest Research
Calendar. As the only sell-side research firm covering every corporate Spinoff
globally, TSR’s edge is proven by the stocks it adds to its near six year
client Model Portfolio of US/EU and International Spinoff holdings.
Upcoming break-ups are leading European motorway and duty free retailer,
Autogrill (AGL, $4bn); top Australian pallet and container specialist,
Brambles Ltd (BXB / $13bn), and US media giant, Time Warner (TWX / $57bn).
Click here for the detailed list of other Spinoffs
The Spinoff Report®
+1 (212) 714 7046
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