Germany's Continental AG is fortifying its defense. The German tiremaker on Friday added Morgan Stanley to the ever-widening stable of banks it has tapped to help ward off a hostile €10.5 billion ($15.8 billion) bid from ball bearing group Schaeffler KG. Continental is apparently trying to tie up as many major league banks as possible, a move that won the four latest additions fees of at least €1 million, the Financial Times Deutschland wrote Friday. Morgan Stanley will become the eighth bank on Continental's powerhouse defense team that already includes Goldman, Sachs, J.P. Morgan, Citigroup Inc., HSBC Holdings plc, Deutsche...
Morgan Stanley is Continental's newest bodyguard
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