UPDATE 1-Springer suitors asked to resubmit bids - sources
By : * Springer still pursuing minority stake sale - sources
Date posted :2009-07-08 08:56:00
* Offers fall well short of expectations - sources
* 350-380 mln eur seen "reasonable" valuation - sources
(Adds detail, background)
By Simon Meads and Victoria Howley
LONDON, July 8 (Reuters) - Springer Science and Business Media's owners are pressing ahead with the sale of a minority stake in the German group, asking suitors to resubmit their bids, people familiar with situation said.
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