UPDATE 2-Continental shy of forecasts with Q3 earnings rise

Newswire

(Adds CEO comment, background, share indication) FRANKFURT, Oct 30 (Reuters) - Germany's Continental AG just missed forecasts with an 8 percent rise in third-quarter operating profit, and said it would issue 14.65 million new shares to help pay for its takeover of Siemens VDO . The car parts supplier announced in July that it had agreed to buy the Siemens automotive electronics unit for 11.4 billion euros ($16.44 billion), a transformational deal that nearly doubles its sales. ...

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