Germany's FAG KUGELFISCHER has finally reached agreement with INA, which agreed to increase its bid from EUR 11 to EUR 12 per share (total of EUR 740 million) for the company. FAG was initially hostile, but is recommending that its shareholders accept the new bid. FAG was unhappy with the level of the initial bid, the difference in the two companies' strategies and INA's lack of transparency. Together, the two companies will join the world's top three industrial bearing makers, with a...