UPDATE 1-Investors bet Continental's Phoenix bid to succeed


(Adds analysts on possible deal extension, Conti spokesman, updates shares) By Christiaan Hetzner FRANKFURT, June 29 (Reuters) - Stock in automotive supplier Phoenix AG rose on Tuesday as investors bet a 227 million-euro ($276 million) takeover by rival Continental AG will go through despite last-minute worries. Phoenix shares traded as high as 15.60 euros, a level last seen in 1999 and more than the 15 euros Continental is offering, even though the tyre maker said it would not sweeten ...

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