Schaeffler AG : Update on its shareholding in Vitesco and reiteration of parameters of the planned merger
>Schaeffler has acquired additional shares in Vitesco - Schaeffler sent out a release specifying that additional c. 9% in Vitesco shares (equating to 3.6m shares) have been acquired in connection with a Total Return Swap that was already acquired before the start of the tender period in mid-November 2023. Schaeffler says that the price of the additional shares acquired is lower than the consideration paid by them in the tender offer, which was € 94/share. However, Sch...
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