<div>UPDATE 1-Germany's Metro says $6.6 billion bid undervalues company</div> <!-- no image --> <div>* Offer values the retailer at $6.6 billion (Updates with details, background)<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=CK84asJbMZ0:vWvxJgvgng4:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=CK84asJbMZ0:vWvxJgvgng4:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=CK84asJbMZ0:vWvxJgvgng4:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=CK84asJbMZ0:vWvxJgvgng4:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=CK84asJbMZ0:vWvxJgvgng4:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/CK84asJbMZ0" height="1" width="1" alt=""></div> Posted by Reuters