** Ceconomy CECG.DE shares rise 3.1% in early Frankfurt trade, extending Wednesday's gains on nearly 7%, after China's JD.com 9618.HK launched a takeover offer for the German electronics retailer
** The deal values the company at 2.2 billion euros ($2.52 billion), 4.60 euros per share
** Ceconomy CEO Kai-Ulrich Deissner told Reuters on Wednesday the deal would likely be completed in the first half of next year
** "We expect that this deal goes through as JD.com has already secured 32% of Ceconomy’s shares and the support of the Ceconomy management," Baader Helvea writes
** Ceconomy tops Germany's small-caps index in early Frankfurt trade
($1 = 0.8736 euros)
(Reporting by Tristan Veyet)
((Tristan.chabba@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.