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The eBearing News
November 28, 2001


FAG Bearings India Rises
on INA Takeover Speculation
copyright © 2001 eBearing Inc.

FAG Bearings India Ltd. (Bombay, India), the Indian subsidiary of FAG Kugelfischer, has seen its stock price rise on speculation of a takeover offer by INA Holding.

INA is completing its takeover of the parent company in Germany.

• click here to review the INA takeover news

FAG Germany owns 51% of FAG India. Under India's stock market regulations, INA must make a public offer for at least 20% of the outstanding shares of FAG Bearings India.

FAG India has a 19% market share in India and operates plants in Maneja, Vadodara - Gujarat.

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- by Bruce A. Carr
from individual research,
tips and commercial sources.
Unauthorized reproduction is prohibited.


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eBearing.com ... for everything that moves™
Entire contents Copyright © 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.