(Reuters) - The statements come after U.S. rival TRW and its
dominant shareholder Blackstone were reported by media to
have bid some 12 billion euros for VDO --
roughly a billion more than Continental.
By the end of the week, definitive bids for VDO should be
submitted to Siemens, whose supervisory board will then make a
preliminary decision on Wednesday over whether to list VDO on
the stock exchange or scrap its original plans and negotiate an
outright sale.
Read more at Reuters.com Mergers News
dominant shareholder Blackstone were reported by media to
have bid some 12 billion euros for VDO --
roughly a billion more than Continental.
By the end of the week, definitive bids for VDO should be
submitted to Siemens, whose supervisory board will then make a
preliminary decision on Wednesday over whether to list VDO on
the stock exchange or scrap its original plans and negotiate an
outright sale.
Read more at Reuters.com Mergers News
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