German stocks - Factors to watch on July 22

FRANKFURT, July 22 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.4 percent lower on Tuesday, according to pre-market data from brokers at 0620 GMT.

The following are some of the factors that may move German stocks on Tuesday (share price indications at 0620 GMT):

CONTINENTAL (CONG.DE)

Indicated 1.0 percent higher

Schaeffler raised its takeover offer for Continental to 70.12 euros per share from 69.37 euros. [ID:nWEA2550]

Separately, German business daily Handelsblatt quoted an unidentified institutional investor as saying fair value for Conti was at least 80 euros per share.

A senior Conti executive told Reuters the group's top management is united against Schaeffler's unsolicited bid. [ID:nL21794262]

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