Siemens Gets Court OK To Spin Off Lighting Unit Osram

Law360, New York (April 10, 2013, 7:41 PM EDT) -- A German court on Wednesday ruled that engineering giant Siemens AG can go ahead with its plan to spin off Osram GmbH, Siemens' lighting division, throwing out an investor suit to block the deal.

An appellate judge in Munich found that the investors had not had their shareholder rights infringed at a Jan. 23 meeting in Munch, when the Osram spinoff was overwhelmingly approved. 

Although the measure to spin off Osram received support from 98 percent of shareholders, several investors sued to block the legal registration...
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