Created Tue 22nd Jul 4:31am PDT by 
questmaster
All questions » Business » Economics » questmaster Will the Schaeffler Group get the majority of Continental shares ?
Suspended
The German car parts and tires manufactor "Continental AG" received an attack of the company "Schaeffler Group" which want to get the majority of Conti Shares.
The Schaeffler Group current has 36% of Conti shares. There was also an obligatory bid for Conti which was rejected by the board of directors of Conti. But in last instance the shareholders have to decide either they want to sell or hold der stocks.
I set the suspend date far away but I expect and decicion either Continental get overtake or Schaeffler drop his bid fast then end 2009.
News unfortunaly only in German:
http://www.spiegel.de/wirtschaft/0,1518,567142,00.html
The Schaeffler Group current has 36% of Conti shares. There was also an obligatory bid for Conti which was rejected by the board of directors of Conti. But in last instance the shareholders have to decide either they want to sell or hold der stocks.
I set the suspend date far away but I expect and decicion either Continental get overtake or Schaeffler drop his bid fast then end 2009.
News unfortunaly only in German:
http://www.spiegel.de/wirtschaft/0,1518,567142,00.html
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Activity: H$2,200
Predictions on this question are temporarily suspendedReason: Flagged by admin: Looking at settlement options...seems that the agreement reached allows Schaeffler only a 49+% interest in Continental until 2013...this question may need to be either voided or settled...definitely not continued to be active for additional wagers
All questions are settled by Hubdub according to settlement info provided by the question creator.
Settlement details:
As reported by a major mainstream news source.
Suspend date: Thu 31st Dec 2009 7:59am PST (1 year to go)
Initial likelihoods:
Yes: 50%
Action history:
Created Tue 22nd Jul 4:31am PDT by questmaster
questmaster
Settlement requested Thu 21st Aug 3:21am PDT by 
rooooo: Unfortunately this one has to be voided: Despite the two parties having come to a peacefull agreement, so that Schaeffler can finally overtake Conti, it restricts Schaeffler to only 49,9% in Shares up till 2013.
Will Schaeffler get the majority?
A) Yes, according to the agreement in 2013.
B) No, if one chooses to understand the suspend date of this question as the deadline (not sufficiently specified by the author).
rooooo: Unfortunately this one has to be voided: Despite the two parties having come to a peacefull agreement, so that Schaeffler can finally overtake Conti, it restricts Schaeffler to only 49,9% in Shares up till 2013.
Will Schaeffler get the majority?
A) Yes, according to the agreement in 2013.
B) No, if one chooses to understand the suspend date of this question as the deadline (not sufficiently specified by the author).
Settlement requested Thu 21st Aug 5:34am PDT by rooooo: i forgot the source:
http://www.spiegel.de/wirtschaft/0,1518,573433,00.html
rooooo: i forgot the source:
http://www.spiegel.de/wirtschaft/0,1518,573433,00.html
Suspended Thu 21st Aug 6:11pm PDT by 
bayoubear![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin")
: Flagged by admin: Looking at settlement options...seems that the agreement reached allows Schaeffler only a 49+% interest in Continental until 2013...this question may need to be either voided or settled...definitely not continued to be active for additional wagers
bayoubear: Flagged by admin: Looking at settlement options...seems that the agreement reached allows Schaeffler only a 49+% interest in Continental until 2013...this question may need to be either voided or settled...definitely not continued to be active for additional wagers
All questions are settled by Hubdub according to settlement info provided by the question creator.
Settlement details: As reported by a major mainstream news source.... read all
Predictions (10)
10 predictions
kruijs![[Power User]](http://www.hubdub.com/images/icon_superuser.gif "This user is a super user"){kind=icon}
predicted Yes (H$500 at 52%)Comments (0)
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score: 10
Forbes.com 2 weeks ago
German auto parts maker Continental AG on Wednesday again declined a bid by rival Schaeffler KG to take it over, leaving the door open to more talks. Hannover-based Continental said in a statement the offer price of 70.12 euros ($104.48) per share in
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