UPDATE 2-Continental AG joins industry elite with VDO buy

(Reuters) - FRANKFURT, July 25 - German car parts maker
Continental AG agreed to acquire Siemens's auto
electronics unit VDO for 11.4 billion euros on
Wednesday, beating U.S. rival TRW to the deal.




Pulling off its biggest takeover and virtually doubling in
size, Continental will become one of the top five global
automotive suppliers, within reach of domestic rival and
industry leader Robert Bosch [ROBG.UL].


Read more at Reuters.com Mergers News