Schaeffler Group buys more Continental AG stock

Newswire

FRANKFURT, Dec 23 (Reuters) - Schaeffler Group bought additional shares in Continental AG by request of banks that helped it launch its takeover offer for the company, Handelsblatt newspaper said on Tuesday. The newspaper, which cited financial sources, said the transaction could have involved Merrill Lynch . The bank was not immediately available to comment on the matter. Schaeffler earlier this year secured access to more than a third of Continental's shares without telling other ...

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