UPDATE 3-China's Xinmao confirms $1.3 bln Draka bid; doubts linger

Newswire

* Unlisted parent offers 20.5 euros/shr for Draka, trumping Prysmian * Xinmao points to synergies with Draka in optical fibre * Scepticism over Xinmao strategy, ability to carry out deal * Xinmao, Prysmian, Draka shares little changed (Adds Triple Play context, analyst quotes, data, Draka comment; Nexans plans) 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 ...

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