Conti shows its strength

18 Aug 2008

In its attempt to ward off the unwelcome bid from bearings group Schaeffler, Germany’s Continental has put on an impressive show demonstrating how strong its banking relationships are.

Continental has lined up nine banks  as advisors as part of its defence team to help it thwart the Eu11.4bn takeover offer tabled by Schaeffler in July — after officially hiring Goldman Sachs and JP Morgan when the bid was first announced, over the last weeks it ...

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