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SCHAEFFLER AG - SCFLF STOCK NEWS

Welcome to our dedicated page for SCHAEFFLER news (Ticker: SCFLF), a resource for investors and traders seeking the latest updates and insights on SCHAEFFLER stock.

Schaeffler AG (SCFLF) drives innovation in motion technology through strategic developments in electric mobility, industrial solutions, and sustainable engineering. This news hub provides investors and industry professionals with essential updates on corporate milestones, including the transformative merger with Vitesco Technologies and advancements across four core divisions: E-Mobility, Powertrain & Chassis, Vehicle Lifetime Solutions, and Bearings & Industrial Solutions.

Access timely press releases covering operational updates, partnership announcements, sustainability initiatives, and financial performance. Our curated collection serves as a strategic resource for understanding Schaeffler's role in shaping energy-efficient drives, digital manufacturing solutions, and renewable energy technologies.

Bookmark this page for verified updates on Schaeffler's global operations and technological breakthroughs. Monitor progress on key initiatives including the Vitesco integration and next-generation bearing systems while staying informed about leadership updates and market positioning.

Rhea-AI Summary
Schaeffler AG (SCFLF) has successfully completed a tender offer for Vitesco Technologies Group AG, acquiring 29.88% of the share capital and voting rights. The company expects to hold 79.82% of Vitesco's shares after the tender offer. An Extraordinary General Meeting and separate meeting are scheduled for February 2, 2024, and the overall transaction is anticipated to be completed in the fourth quarter of 2024.
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Schaeffler AG Announces Tender Offer for Vitesco Technologies Group AG Shares at 20% Premium: The German Federal Financial Supervisory Authority approved Schaeffler's offer document for the voluntary public tender offer for Vitesco shares. Vitesco shareholders can accept the offer of 91 euros per share or retain their shares until the proposed merger with Schaeffler.
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SCHAEFFLER AG

OTC:SCFLF

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SCFLF Stock Data

4.57B
124.30M
45.43%
Auto Parts
Consumer Cyclical
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Germany
Herzogenaurach