Continental Near Buying Rival Auto Supplier Hornschuch – Wall Street Journal

Posted: Monday, July 18, 2016

FRANKFURT—Germany’s Continental AG is nearing the acquisition of smaller domestic rival Konrad Hornschuch AG for roughly €400 million ($441 million), people familiar with the matter said.

Continental, the world’s second-largest automotive supplier by revenue, could as soon as this week announce a deal to buy Hornschuch the people said, adding…

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