UPDATE 1-BMW extends CEO Reithofer's term until 2016


* CEO Reithofer's contract was due to expire in Sept. 2011 * Chairman says extension will provide continuity * BMW shares up 1.2 percent (Adds details, background) FRANKFURT, Sept 29 (Reuters) - German premium carmaker BMW gave its Chief Executive Norbert Reithofer a fresh five-year term, in a show of support by its main shareholder for his drive to add scale by cooperating with peers. Reithofer's contract, which would have expired in September 2011, was extended until September ...

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