Date: 2013-08-01

Schaeffler Claims Victory in Continental Acquisition

Schaeffler Group AG (Germany; privately-held parent of LuK, INA and FAG Bearings) has announced victory in its controversial takeover of troubled Continental AG (Germany), a company three times its size, and which would create the world's second-largest auto parts supplier after Bosch.

Continental manufactures electronics systems, mechanical components and tires for the global auto and truck industry. It has sales of approximately

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