Its takeover all but concluded, INA Holding Schaeffler KG officially reported the results of its bid to acquire shares of FAG Kugelfischer Georg Schaefer AG.

The official offer period ran from September 10 through October 22. During that time, INA acquired 87% of FAG's outstanding shares - a result which reportedly surprised even some of the strongest takeover supporters.

The company acquired 56% of FAG's shares from shareholder tenders directly to INA. The other 31% of FAG's shares were acquired in open-market transactions.