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Conti Shares Fall Amid Rumours of EU Decision Delay

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Continental today fell 6.5 per cent as stock brokers speculated the EU decision on the validity of the company’s proposed takeover by Schaeffler Group may be delayed. “These decisions usually come by noon (local time) and as there has been no accouncement yet, investors are getting worried that the decision may be delayed,” a Frankfurt-based told AFX news agency.

Related news:

  1. Continental Confirms Takeover ‘Conversation’ with Schaeffler
  2. Professor: Schaeffler’s Creeping Takeover Illegal
  3. Is Schaeffler Walking Out on Continental Investment Agreement?
  4. Conti/Schaeffler EU Ruling Due Tomorrow
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