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Entries tagged "Continental AG"Schaeffler Group forced into seeking investment?German Schaeffler Group is pleading their case for the ill-timed €11 billion acquisition of car parts group Continental AG that has left them €22 billion in the hole. Porsche strategy a risky lemon in GermanyLaunching a takeover in Germany these days is risky business -- especially when you hope it fails. Schaeffler KG, a German ball-bearing maker, in August low-balled an agreed public offer for 49.9% of tire and brakes maker Continental AG. ... Continental, Schaeffler find an unhappy mediumAs divorce lawyers and Hollywood moguls well know, a fair deal is one in which both sides walk away unhappy. That appears to be the outcome of the high-profile takeover battle waged between Germany's Schaeffler KG and Continental AG. It ended with a broad compromise that will give ball bearing-maker Schaeffler effective (but not outright) control over its target. ... Schaeffler bids for ContinentalThe German industrial group makes a hostile $17.7 billion approach, at the same time amassing a 36% stake. Deja vu all over againEverything about Schaeffler KG's unsolicited €10.5 billion ($16.6 billion) move on Continental AG seems familiar -- and not just because it's using the same surprise timing it deployed with its €731 million hostile acquisition of ball-bearing maker FAG Kugelfischer Georg Schäfer AG seven years ago. No, Schaeffler's approach feels a lot like Porsche AG's successful run on Volkswagen AG last year. Schaeffler, like the Stuttgart sportscar maker, appears to have already acquired about a third of its prey and is now launching what looks to be an ill-fated offer. Once that fails, Schaeffler -- like Porsche -- will have... Conti lashes out at SchaefflerGerman tire and automotive equipment maker Continental AG on Wednesday dismissed an unsolicited €10.5 billion ($16.7 billion) offer from rival Schaeffler KG, labeling it "opportunistic" while providing a glimpse into a meeting between the two companies Friday. ... LBO rumors send shares of Continental AG higherRumors of a renewed interest from private equity firms in Continental AG sent shares of the German auto parts supplier 7% higher, making them Wednesday's second-biggest gainer on Germany's DAX, according to Reuters. ... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Continental AG." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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