Date: 2013-08-01

German Corporate Hangover

German commercial culture was once obsessed with maintaining a harmonious relationship with politicians, unions and domestic competitors. This seems to be changing, with German companies now increasingly prepared to mount hostile bids against rivals. Or is it ?

Krupp set the ball rolling more than a decade ago with its unsolicited approach to Thyssen. But ultimately the two sides agreed to a friendly merger. A couple of years ago Merck launched a hostile bid for Schering, and that ended with a friendly merger between Schering and Bayer.

Now Schaeffler is putting pressure on Continental after secretly securing 36 per cent of the shares in its rival. Continental was not amused and has told Schaeffler its offer is too low. But it also seems prepared to negotiate with the enemy.

So the chances are that this deal too will follow what is becoming a trend in corporate Germany of getting friendly through hostile bids, although this time around, Schaeffler

Previous: Bearing Makers in Top 100 Automotive Suppliers
Next: Educational Seminars For Industrial Distributors Designed to Increase Productivity

Hot Products:

Product Model	Inside Diameter	Outside Diameter	Thickness
SCH2020 bearing	31.75	41.275	31.75
SCH2016 bearing	31.75	41.275	25.4

【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.