Schaeffler KG launches a multibillion-syndicated loan to support its hostile takeover of Continental AG that, if successful, would put the combined company head-to-head with Robert Bosch GmbH to be the world’s second-largest auto supplier behind Japan’s Denso Corp. Meanwhile, Germany’s Federal Financial Services Authority, known as BaFin, reportedly is looking into whether Continental leaked insider information to analysts ahead of the release of its quarterly results last week. Continental ...
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