UPDATE 1-Hedge funds eye control at Germany's Duerr -source


(Adds details and background.) LONDON, Aug 17 (Reuters) - Hedge funds have bought 25 percent of 360 million euros ($442.3 million) bank debt at German car paints firm Duerr and are eying a bigger position, a source close to the situation told Reuters. Duerr is headquartered in Stuttgart and is a global market leader in the supply of large-scale production systems primarily to the automotive industry. Stagnant car sales this year have led to a squeeze on suppliers such as auto parts ...

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