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U.S. Firm Reportedly Involved in Conti Takeover Move

(Akron/Tire Review) U.S. equity firm Bain Capital LLC was reportedly behind the recent unsuccessful takeover attempt of Continental AG, according to London’s Financial Times.

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Bain reportedly led a consortium that would have paid a heavy premium – well above Continental’s EUR13 billion market capitalization – Financial Times reported.

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Continental stated earlier this week that it had rebuffed a possible takeover bid.

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