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Iran’s President Pezeshkian stresses that being wary of enemies and staying alert in engagements...
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Palmer Luckey Says Smart TVs Pose 'Massive And Growing' Problem For American National Security: 'Users Have No Idea'
Pakistan Enhances Diplomatic Efforts for US-Iran Talks
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Novo Nordisk Partners with OpenAI to Enhance AI Integration
GERMANY (MAR) GERMAN PPI (MOM) ACTUAL: 2.5% VS -0.5% PREVIOUS;EST 1.4%...
Stocks, Bonds Fall as Oil Jumps After Hormuz Chaos: Markets Wrap
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Iran Affirms Security of Strait of Hormuz Transit
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Apollo, Bain Compete For Control Of Continental Industries
Private equity firms Bain Capital and Apollo Global Management are among several firms holding discussions about the potential purchase of Continental AG‘s industrial unit, ContiTech.
Industrial components manufacturer ContiTech is valued at $4.1 billion, Bloomberg reported. Deutsche Bank AG and Perella Weinberg Partners are running the sale process.
The process is understood to be ongoing and plans are subject to change.
Meanwhile, other private equity firms such as Advent, CVC Capital Partners have joined together to make an offer for the business. Platinum Equity, KPS Capital Partners and Clearlake Capital are also holding discussions in the bidding process.
In January, the company appointed Christian Kotz CEO and chairman of the board.
Nikolai Setzer stepped down from his role after more than 16 years as a board …
Source: Benzinga