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    SHA — Schaeffler AG News Story

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    Brief: Schaeffler AG: Conclusion Of A Business Combination Agreement With Vitesco Technologies Group AG

    Picture of Schaeffler AG logoSchaeffler AG
    27/11/2023 07:14
    Nov 27 (Reuters) - Schaeffler Ag  SHA_p.DE :
    * EQS-ADHOC: SCHAEFFLER AG: CONCLUSION OF A BUSINESS
COMBINATION
AGREEMENT WITH VITESCO TECHNOLOGIES GROUP AG
    * DECISION OF SCHAEFFLER AG TO INCREASE OFFER PRICE UNDER
TENDER
OFFER TO SHAREHOLDERS OF VITESCO TECHNOLOGIES GROUP AG
    * BUSINESS COMBINATION WILL CREATE A LEADING MOTION
TECHNOLOGY
COMPANY WITH FOUR FOCUSED DIVISIONS AND REVENUES OF
APPROXIMATELY EUR 25 BILLION
    * WITH REGARD TO TENDER OFFER, SCHAEFFLER HAS DECIDED TO
INCREASE
OFFER PRICE FROM EUR 91.00 TO EUR 94.00

Source text for Eikon:  ID:nEQ79FJ0Pa 
Further company coverage:  SHA_p.DE 

 (Reporting by Berlin Newsroom)
 ((berlin.newsroom@thomsonreuters.com;))

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