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Continental AG to acquire Veyance Technologies Inc. from The Carlyle Group

Monday, 10 Feb 2014 10:17am EST 

Continental AG:Says its has signed an agreement to acquire Veyance Technologies Inc., for $1.9 billion from the Carlyle Group LP.Says upon closing of this transaction, the acquired business is planned to be integrated into Continental' s ContiTech Division.Says transaction is subject to merger control clearance.