finance
Lone Star Funds Emerges as Frontrunner to Acquire Continental Industrial Unit
Buyout firm Lone Star Funds has emerged as the leading candidate to acquire Continental's industrial unit. The potential deal follows reports that several buyers showed interest in the division.
s31833.pcdn.coAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
Buyout firm Lone Star Funds has emerged as the frontrunner in efforts to acquire Continental's industrial unit.
The company began exploring a sale of the unit months ago.
Multiple parties expressed interest in the division during the process. Lone Star Funds advanced ahead of other bidders according to people familiar with the matter.
The industrial unit produces components for automotive and industrial applications. Continental has not disclosed financial terms or a timeline for a potential transaction.
Transparency
1 source · single source
CorroborationLimited · 1 source
