German Manager Magazine: Automotive industry: Schaeffler increases takeover offer for Vitesco shareholders002913

The Herzogenaurach-based automotive and industrial supplier Schaeffler approaches the Vitesco shareholders and raises the takeover offer. Schaeffler is now offering 94 euros per share, as the company announced on Monday. Schaeffler had previously offered 91 euros. Vitesco shareholders have until December 15 to tender their shares. The decision to increase the price underlines Schaeffler’s confidence… Continue reading German Manager Magazine: Automotive industry: Schaeffler increases takeover offer for Vitesco shareholders002913