• GoldCore
    07/30/2014 - 18:58
    “But long term...and economic law says, if you keep printing a lot of paper money, the value of the dollar and currency will go down, and things and most prices will go up and indeed gold always goes...

Continental AG

Tyler Durden's picture

Schaeffler In Crisis After Overpaying for Continental AG





In what could go down as the sad conclusion to the dumbest acquisition of all time, ball-bearing maker Schaeffler, which acquired Europe's second-largest auto-supplier Continental AG, has said in an e-mailed statement that it is seeking an investor, after being saddled with $14 billion of debt as part of the acquisition.

 
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