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Schaeffler Banks
Schaeffler parked the excess Continental shares at banks and scaled back the stake to 49.9 percent in September 2012. At one point, its direct and indirect holding totaled 90 percent. “The investment agreement no longer has& ...
schaeffler banks
The Schaeffler family is being pressured to surrender control of their company to the banks that financed the ill-fated takeover of Continental, said sources with knowledge of the matter.
Schaeffler Group has denied a report that Chief Financial Officer Thomas Hetmann is leaving the company because of pressure from its banks. Hetmann was a key driver of Schaeffler`s hostile takeover of Continental.
Morgan Stanley has joined Continental`s team of advisers trying to thwart a hostile takeover offer from smaller automotive supplier Schaeffler Group, the head of the U.S. investment bank`s operations in German-speaking& ...
Schaeffler parked the excess Continental shares at banks and scaled back the stake to 49.9 percent in September 2012. At one point, its direct and indirect holding totaled 90 percent. “The investment agreement no longer has& ...
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