Continental AG sees scant risk of becoming target

Newswire

HAMBURG, Germany, March 24 (Reuters) - German tyremaker and automotive supplier Continental sees scant prospects that it could become the target of a hostile takeover, Chief Executive Manfred Wennemer told reporters. The risk of that had fallen sharply compared to previous years because its market value had risen to around 13 billion euros ($15.56 billion), he told reporters on Thursday evening in remarks embargoed until Friday. He acknowledged that financial investors acting together ...

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