Entries tagged "Schaeffler KG"
Launching 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. ...
These days, whenever takeover rumors surface in Germany, they're accompanied by unsourced articles that claim the suitor has already acquired a significant minority stake through options, complicating any defense. Blame ball bearing maker Schaeffler KG, which famously revived a technique pioneered by Porsche AG with its offer last year for Volkswagen AG. ...
As 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. ...
The German industrial group makes a hostile $17.7 billion approach, at the same time amassing a 36% stake.
