UPDATE 2-Continental wins Phoenix bid but EU launches probe


(releads, adds EU probe, company comment, lawyer comment) By Christiaan Hetzner FRANKFURT, June 29 (Reuters) - Shares in German automotive supplier Phoenix AG jumped on Tuesday as Continental AG said its 227 million euro ($276.3 million) takeover bid to acquire its smaller German rival had succeeded. But any celebration was rather muted as the European Commission immediately launched an in-depth investigation into the deal to see if it would damage competition. "We're very ...

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