DEALTALK-Schaeffler unlikely to lower Continental ambitions

Newswire

(For more Reuters Dealtalks, click on [DEALTALK/]) By Christiaan Hetzner FRANKFURT, July 25 (Reuters) - Bearings maker Schaeffler can afford to play hardball in the $18 billion battle with Continental AG Chief Executive Manfred Wennemer over control of the German car parts group. With the goodwill of management and employees the only asset it cannot buy, the question is will it even try. Wennemer clearly laid down conditions to reenter takeover talks by calling on Schaeffler to ...

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