UPDATE 2-Continental says Phoenix deal in danger

Newswire

(adds latest company comments on acceptance, deadline detail) FRANKFURT, June 28 (Reuters) - German tyre maker Continental's 277 million euro ($337 million) takeover bid for rubber parts maker Phoenix hangs in the balance, with just hours before a deadline to shareholders expires, Continental said on Monday. "We have less than 70 percent," said a company spokesman, declining to give a more precise figure. "The deal is still in acute danger. At the moment I would say the chance is 50-50, ...

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