Reuters: Continental rejects $17.8 bln bid from family firm

[chris]

Continental rejects $17.8 bln bid from family firm
      

FRANKFURT (Reuters) - Tires-to-brakes maker Continental  rejected a surprise 11.2 billion euro ($17.8 billion) bid from Schaeffler Group on Wednesday, saying only the family owned firm would benefit and that its offer was too low.
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