UPDATE 1-Continental says deadline for Phoenix bid June 28

Newswire

(Added detail) FRANKFURT, April 26 (Reuters) - German tyre and automotive supplier Continental AG published its takeover offer for Phoenix AG shares on Monday, saying the first deadline for investors to exchange their stock was June 28. Conti is bidding 15 euros ($17.82) per share. According to German takeover law, Phoenix shareholders will get another chance to reconsider selling their holdings once the first deadline expires. Conti first announced its takeover bid to acquire ...

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