Olivetti completes with Mannesmann CCIL share tender

Article Abstract:

Olivetti SpA and Mannesmann AG announced that their tender bid for all of Cellular Communications International Inc.'s (CCIL) outstanding common shares has been completed successfully. Olivetti and Mannesmann made a cash bid of $80 per share. Both firms accepted the tender of about 68.6% shares of CCIL's outstanding stock. This is equivalent to 55.4% of the shares on a fully diluted basis.

Comment:

Olivetti and Mannesmann make tender bid for all of CCIL's outstanding common shares

Italy, Radiotelephone communications, Cellular and Other Wireless Telecommunications, Computer and Office Equipment, Office & Computing Machines, Mobile Radio Services, Office equipment, Office equipment and supplies industry, Office equipment industry, Cellular telephone services industry, Cellular telephone services, Wireless communications services, Abstract, Mannesmann AG, Olivetti S.p.A., Cellular Communications of Puerto Rico Inc., CCIL

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ZF Friedrichshafen plans to take over Siemens's Sachs

Article Abstract:

ZF Friedrichshafen AG will acquire Siemens AG's automotive-supplier subsidiary, Mannesmann Sachs AG, for a sum that has not been disclosed. The value of the deal is estimated at Euro1 billion to E1.5 billion. ZF Friedrichshafen outbid Continental AG.

Motor vehicle parts and accessories, Auto Drivetrain Components, Motor Vehicle Transmission and Power Train Parts Manufacturing, Automobile equipment and supplies industry, Automotive parts industry, Drivetrains, ZF Friedrichshafen AG, Mannesmann Sachs AG

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Continental is close to selling unit to Carlyle Group

Article Abstract:

Continental AG is about to complete the sale of ContiTech to the U.S. investment company Carlyle Group and intends to sign and seal the deal in roughly three weeks.

Investment Banking and Securities Dealing, Investment Banking, Security brokers and dealers, Investment banks, Carlyle Group L.P., ContiTech Antriebssysteme GmbH

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