Continental AG

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Frontrunning: August 19





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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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