Brief: Schaeffler And Vitesco Enter Into Merger Agreement

Schaeffler AG

13/03/2024 17:31

March 13 (Reuters) - SCHAEFFLER AG  SHA_p.DE :
    * SCHAEFFLER AND VITESCO ENTER INTO MERGER AGREEMENT
    * MERGER AGREEMENT SIGNED FOLLOWING APPROVAL BY RESPECTIVE
SUPERVISORY BOARDS
    * EXCHANGE RATIO OF 11.4 SCHAEFFLER SHARES PER VITESCO SHARE
CONFIRMED
    * COMPLETION OF MERGER IS STILL EXPECTED IN Q4 OF 2024
FOLLOWING
APPROVAL OF RESPECTIVE ANNUAL GENERAL MEETINGS
    * VITESCO SHAREHOLDERS WILL RECEIVE 11.4 SCHAEFFLER SHARES
IN
EXCHANGE FOR ONE VITESCO SHARE

Source text for Eikon:  ID:nEQ7pQbPYa 
Further company coverage:  SHA_p.DE 

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