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Auto Supplier Commits To $1B IPO Despite VW Worries

By Aebra Coe ( October 5, 2015, 3:32 PM EDT) -- German automotive supplier Schaeffler Group on Monday pressed forward with its planned initial public offering despite the controversy embroiling major customer Volkswagen AG, revealing that shares of the company will begin to sell publicly on Friday and proceeds from the IPO are expected to reach approximately $1 billion....

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