Schaeffler Group is not trying to back away from its proposed takeover of Continental AG or attempting to restructure financing of the deal, Schaeffler Chairman Juergen M. Geissinger tells reporters at the North American International Auto Show in Detroit. A December story in German magazine Manager Magazin suggested snags were threatening the merger and Schaeffler had approached its banks about a new financing arrangement, but Geissinger says there’s been no change in direction. ...
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