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Schaeffler Claims Victory In Continental Acquisition

Release time : 2015-06-12 12:09:04
Schaeffler Group AG (Germany; privately-held parent of LuK, INA and FAG Bearings) has announced victory in its controversial takeover of troubled Continental AG (Germany), a company three times its size, and which would create the world's second-largest auto parts supplier after Bosch. Continental manufactures electronics systems, mechanical components and tires for the global auto and truck industry. It has sales of approximately