UPDATE 2-China's Xinmao confirms "uncertain" $1.3 bln Draka bid

Newswire

* Unlisted parent offers 20.5 euros/share for Draka, trumping Prysmian * Xinmao points to synergies with Draka in optical fibre * Scepticism over Xinmao strategy, ability to carry out deal (Adds details from statement, analyst comment, additional background) By Terril Yue Jones BEIJING, Nov 24 (Reuters) - The listed arm of China's Xinmao Group confirmed on Wednesday that its parent aims to acquire Dutch cable maker Draka , but added that the $1.3 billion offer remains uncertain and ...

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