UPDATE 1-Continental's Q3 oper profit rises, to issue shares


(adds detail, background) FRANKFURT, Oct 30 (Reuters) - German automotive parts supplier Continental AG posted a below-forecast 8 percent increase in operating profit for the third quarter and said it would issue new shares to help fund a recent deal. In July, Continental announced it had agreed to pay 11.4 billion euros ($16.44 billion) for Siemens VDO in a transformational deal that nearly doubles its sales. To help finance the purchase, which will be largely funded by new debt, ...

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