Schaeffler reduces debt by approx.?1.3 billion

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– Placement successfully completed; proceeds approx. ?950 million
– Additional prepayment of ?325 million of debt from excess cash flow
– Further crucial step to optimize capital structure
– Continental remains long term strategic shareholding
Schaeffler, the global automotive and industrial supplier, has successfully completed the placement of 3.9% of Continental AG shares. Proceeds amounted to approx. ?950 million. Combined with a prepayment of ?325 m

Schaeffler reduces debt

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– Schaeffler Holding and Schaeffler AG place a combined approx. 4% of Continental shares with a broad range of investors
– Net proceeds to be used to pay down debt
– Additional reduction of debt from excess cash flow
– Continental remains long-term strategic shareholding
Schaeffler, the global automotive and industrial supplier, continues to reduce its debt. Today, the company announced the placement of approx. eight million shares in Continental AG wit

Piksel Launch Successful at IBC 2013

Piksel Launch Successful at IBC 2013

NEW YORK, NY — (Marketwired) — 09/17/13 — , a global provider of -over-the-top- video monetization software and solutions, launched at to a warm reception. With a colorful demo-friendly booth and IBC-s most buzzed about party attended by hundreds of industry executives, Piksel made its mark on Europe-s premier broadcast industry event."Debuting at IBC was a great opportunity to share who Piksel is and what we can do for our customers. Our booth was laid out in a way that highlighted ea