Suzlon Energy Raises Bid for REpower

[Associated Press] India's Suzlon Energy Ltd. on Tuesday raised its bid to buy REpower Systems AG in a deal that values the German wind energy business at euro1.2 billion (US$1.6 billion), topping a rival offer from France's Areva SA. The new bid is for Euro 150 (US$200) per REpower share, up 19 percent from what Suzlon offered earlier in February, the company said in a statement.