Siemens-Continental bid for VDO not high enough

Newswire

FRANKFURT, May 25 (Reuters) - Continental AG's indicative bid for Siemens' automotive electronics unit Siemens VDO is not high enough, Siemens supervisory board chairman Gerhard Cromme said. "Continental will have to markedly improve (its bid)," Cromme said in an interview in the Frankfurter Allgemeine Sonntagszeitung newspaper, released in advance of publication on Sunday. Continental's indicative bid was not yet sufficient to shelve a planned stock market floatation of the unit, Cromme ...

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