Continental was promoted by a group of financiers and industrialists with established interests in the rubber business. It was by no means the first German rubber company several small firms had been active in Hanover in the previous decade. The Continental-Caoutchouc und Gutta-Percha Compagnie (Continental) was established in Hanover in 1871, and the city remained the center of the firm's operations. One of its most significant acquisitions came in 2001 when it bought a controlling interest in DaimlerChrysler's Temic auto-electronics business.Ĭontinental Originates As a Rubber Goods Manufacturer: 1871 After weathering considerable economic pressures in the early 1990s, the company began making significant strides to secure a competitive position in the more lucrative arena of auto components. By 1991 Continental was the fourth largest tire producer in the world. All rights reserved.Long established as the leading tire producer in Germany, Continental AG attained international prominence through a series of major acquisitions in Europe and in the United States starting in 1979. ![]() © 2023 Columbia Management Investment Advisers, LLC. The Corporation is not insured by the FDIC, NCUA or any federal agency, is not a deposit or obligation of, or guaranteed by any financial institution, and involves investment risks including possible loss of principal and fluctuation in value. For more information, please call 1-80 or visit. A prospectus containing information about the Corporation (including its investment objectives, risks, charges, expenses, and other information about the Corporation) may be obtained by contacting your financial advisor or visiting The prospectus should be read carefully before investing in the Corporation. Investors should consider the investment objectives, risks, charges, and expenses of the Corporation carefully before investing. This material is distributed by Columbia Management Investment Distributors, Inc., member FINRA. The Corporation is managed by Columbia Management Investment Advisers, LLC. Stockholders also ratified the Board’s selection of PricewaterhouseCoopers LLP as the Corporation’s independent registered public accounting firm for the 2023 fiscal year. ![]() ![]() Gallagher, each for a term that will expire at the Corporation’s 2026 Annual Meeting of Stockholders and all until their successors are elected and qualify. Flynn and Catherine James Paglia, and Mr. Janet Langford Carrig, whose term will expire at the Corporation’s 2025 Annual Meeting of Stockholders, and Mses. Specifically, Stockholders elected four Directors, Ms. Stockholders voted in favor of the recommendations of the Corporation’s Board of Directors (the “Board”) on each of two proposals at the Meeting. MINNEAPOLIS-( BUSINESS WIRE)-Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today held its 93 rd Annual Meeting of Stockholders (the “Meeting”) in Minneapolis, Minnesota.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |