View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Schaeffler launches hostile bid for Conti

Schaeffler launches hostile bid for Conti

Though Continental has rejected the takeover bid launched by bearing manufacturer Schaeffler, with Continental CEO Manfred Wennemer describing the takeover attempt as "unlawful" and "highly opportunistic" and the offer of EUR69.37 per share far too low, there is no way to stop Schaeffler buying shares on the open market or doing deals with major institutional shareholders to increase influence, a Global Insight research note said on Wednesday.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto