TITLE

Continental pays price for taking logical approach

PUB. DATE
July 2008
SOURCE
Rubber & Plastics News;7/28/2008, Vol. 37 Issue 26, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the complications faced by Continental AG (Conti) in the form of a target for a takeover by the company Schaeffler Group. Conti became the victim by following accepted business practices. Conti was flush with cash in 2006, becoming vulnerable for its takeover by a new owner. To comabt the problem, Conti invested the capital by investing in some corporate purchases such as buying Siemens VDO Automotive AG. But Conti's low stock price attracted Schaeffler for the takeover.
ACCESSION #
34282679

 

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