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Company Statement: Continental advises shareholders not to accept Schaeffler offer – Continental open for negotiations in the short-term

( August 13, 2008, 14:59 GMT | Official Statement) -- ****************************************Hanover, August 13, 2008 - Today the Supervisory Board and Executive Board of Continental AG released their joint statement regarding the voluntary public takeover offer (cash offer) of Schaeffler KG (Section 27 of the German Securities Acquisition and Takeover Act, WpÜG). They recommend that the shareholders not accept the offer. The following reasons were given for their dismissive stance:...

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