Bouygues extends SFR deadline offer, sets break-up fee

By Leila Abboud PARIS (Reuters) - French conglomerate Bouygues turned up the heat in its battle for control of Vivendi's telecom unit SFR on Tuesday by extending its offer to April 25 from April 8 and presenting a 500 million euro ($689 million) break-up fee. Bouygues is seeking to muscle its way back into the running for SFR despite Vivendi being in exclusive talks with cable group Numericable until Friday. To that end, Bouygues last week increased the cash portion of its bid by 1.85 billion euros to 13.15 billion euros and offered Vivendi a 21.5 percent stake in the new entity, instead of 43 percent under its previous proposal.

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