Summary
MAN AG yesterday raised its bid for Scania and increased its voting stake, raising pressure on its Swedish rival, which has rebuffed friendly merger advances that would create Europe's leading truck maker.
Now controlling 14.3 per cent of Scania's voting rights, MAN yesterday said it was raising its cash-and-stock offer by over seven perc ent to 51.29 euros or 475 crowns per Scania share, valuing the Swedish company at 10.3 billion euros (pounds 6.95 billion).See the full content of this document
Extract
Gloves Now Off in Scania Takeover
"This is a cl...
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