GERMANY'S BAYER EXTENDS OFFER TO SCHERING

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German drugmaker Bayer AG on Tuesday extended its takeover offer to shareholders of Schering AG by two weeks to June 14. Bayer formally launched its 16.5 billion euros ($21 billion) -- or 86 euros ($110) per share -- bid for Berlin-based Schering on April 13. The offer is subject to a minimum threshold of 75 percent acceptance.

Business Week (http://www.businessweek.com/ap/financialnews/D8HU31F81.htm?sub=apn_euro_up&chan=gb)