Saturday, May 26, 2007

Continental bid for Siemens VDO not enough

(Reuters) - Continental AG's indicative bid for Siemens' automotive electronics unit, Siemens VDO, is not high enough, Siemens supervisory board chairman Gerhard Cromme said on Friday.

"Continental will have to markedly improve (it's bid)," Cromme said in an interview in the Frankfurter Allgemeine Sonntagszeitung newspaper, released in advance of publication on Sunday.


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