BRIEF-Continental shares open 4.3 pct lower after Schaeffler says to place shares

FRANKFURT, Sept 25 Tue Sep 25, 2012 3:05am EDT

FRANKFURT, Sept 25 (Reuters) - Continental AG : * Shares open 4.3 percent lower after Schaeffler says to place shares

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pppjnsn wrote:
Just a minor blip for Continental who inherited some debt from Schaeffler after the takeover so will be seeing this as a positive decision for them… Of course Schaeffler still remains it’s largest shareholder and because of this clever move has just been upgraded by Moody’s to B1 from B2, so very positive for them also. It would seem a good all round decision.

Sep 28, 2012 4:55am EDT  --  Report as abuse
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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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