INA Holding Schaeffler KG (Herzogenaurach, Germany), during the takeover offer period for FAG Kugelfischer Georg Schaefer AG (Schweinfurt, Germany), acquired over 80% of the company's outstanding shares. INA long indicated that it would only proceed with the merger if it were able to acquire more than 75% of FAG's shares.

As required by German takeover regulations, INA officially disclosed its holdings shortly after the offering expired. INA announced the takeover offer on September 10 and it ran through October 22.

The initial offering price was € 11 per share, but in an agreement for support by FAG management, raised it to € 12 for the final week.

INA said, "We're glad the overwhelming majority of shareholders followed our strategic vision of a combination."

INA is expected to reveal full details of its FAG ownership over the next several days.