Schaeffler AG : Schaeffler and Vitesco enter into merger agreement – deal continues to progress as planned
>The planned merger is moving ahead as planned - Overnight Schaeffler and Vitesco announced that they have entered into a merger agreement, following the approval of their respective Supervisory Boards. The agreement sets out the legally binding terms and conditions for the merger of Vitesco Technologies Group AG into Schaeffler AG. The previously published preliminary exchange ratio of 5 to 57 was confirmed as binding in the signed agreement. Thus, Vitesco shareholde...
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