UPDATE 4-Schaeffler claims victory over Continental


(Adds sources, BaFin, analyst, updates shares) By Sylvia Westall FRANKFURT, Aug 21 (Reuters) - Ball bearings maker Schaeffler has won the battle for control of tyres-to-brakes firm Continental in a deal that paves the way to create the world's third-biggest car-industry supplier with sales of $50 billion. On Thursday, Continental management gave its blessing to Schaeffler's fait accompli that hands it control after the family-owned firm made a series of largely symbolic compromises. ...

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