GERMANY'S BAYER EXTENDS OFFER TO SCHERING

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)