Eyeing the growing EV market, Schaeffler makes €3.6 billion bid for Vitesco
The company has made an offer of €91 a share in cash
Schaeffler AG is offering to buy Vitesco Technologies Group AG in a €3.64 billion deal that would bolster the German ball-bearings maker’s presence in the electric vehicle supply chain, Yahoo Finance reported October 9, quoting news agency Bloomberg.
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