UPDATE 1-Deutsche Wohnen may settle convertibles in cash to thwart Vonovia

January 29, 2016 3:28 PM

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* Vonovia says Deutsche Wohnen trying to irritate market (Adds Vonovia statement, further details)

FRANKFURT, Jan 29 Property group Deutsche Wohnen said on Friday it could pay cash for two convertible bonds instead of settling them with shares, as it seeks to thwart a hostile takeover bid by local rival Vonovia.

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