UPDATE 2-Commerzbank falls on new share issue price

Newswire

* Commerzbank to issue 2.44 bln shares at 2.18 euros each * Shareholders offered 10 new shares for each 11 held * Priced at 45 percent discount to Friday's close * Proceeds to help repay state aid * Shares fall 2.8 percent, underperforming sector (Adds quotes from shareholder, analysts) By Arno Schuetze FRANKFURT, May 23 (Reuters) - Shares in Commerzbank AG fell 2.8 percent on Monday after Germany's second biggest lender announced a heavy 45 percent discount on a sale of new ...

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