Monthly M&A Insider - Mergermarket

Expected deals
Situation Target company Sector Potential bidder
company
Significant
business
events
Significant
business
events
Significant
business
events
Continental AG (tire
unit)
Schleswig-
Holsteinischer
Zeitungsverlag
Industrials &
Chemicals
Pirelli & C SpA;
Compagnie
Generale des
Etablissements
Michelin SA;
or Bridgestone
Corporation
Financial adviser
to bidder (B);
target (T);
seller (S)
Seller company Market
cap/ est.
value
(€m)
Continental AG;
and Schaeffler
KG
Comments
Germany
2,379 Pirelli, the listed Italian industrial
company, is considering the buyout
of the tire unit of listed Germany's
Continental, according to a report in Il
Mondo without quoting sources. The
item said that JPMorgan, Mediobanca,
and Deutsche Bank have already pitched
the dossier to the Italian company.
However, the item added that French
firm Michelin and Japanese company
Bridgestone have already expressed
interest to Karl-Thoman Neumann,
chief executive officer of Continental,
for a buyout of the tire unit. The article
quoted analysts evaluating Continental's
tire unit at EUR 5bn, which is 0.8X
revenues and 9X EBIT. These figures
include the company's debt.
TMT Madsack 400 According to the Financial Times
Deutschland, SHZ is seeking a buyer
for itself, in a deal expected to be
worth EUR 400m with the rival German
publisher Madsack thought to be a likely
buyer.
Qimonda AG TMT Inspur Group Infineon
Technologies AG
1,709 Inspur, the private Chinese computer
technology group, is said to be the
only remaining bidder for the listed
German semiconductor group Qimonda,
Frankfurter Allgemeine Zeitung
reported.
Monthly M&A report – 115