(Recasts, adds comment from Schaeffler, share prices, background) By Michael Shields FRANKFURT, Sept 22 (Reuters) - Privately-held German ball bearings maker Schaeffler won an unwanted and potentially costly majority stake in autoparts maker Continental AG on Monday as investors snapped up an offer that was designed to fail. Majority control for Schaeffler would cost Continental tax benefits worth hundreds of millions of euros. It would also trigger an expensive refinancing of ...
Premium Content (PAID Subscription Required)
"UPDATE 2-Continental bidder wins unwanted majority stake" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.