Continental Accepts Schaeffler's Takeover Bid - Congoo

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Continental accepts Schaeffler's takeover bid

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Deutsche Welle | August 21, 2008

The German ball-bearing manufacturer Schaeffler has reached a takeover agreement with Europe's second-biggest tyre-maker. Continental accepted Schaeffler's bid after it raised its offer by almost â?¬5 to â?¬75 per share. Schaeffler also agreed to limit itself to a minority interest in Continental fo...

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