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Acquisition? - Germany - MAN aims to buy Scania, create European truck leader
Frankfurt,Germany -Reuters -Sept 13, 2006: -- Truckmaker MAN wants to acquire Swedish rival Scania to create a market leader in Europe that can stand up to bigger global rivals, the German company said today... "Together MAN and Scania would become Europe's leading truck business, creating a platform for profitable growth," MAN said, adding it would have more to say on the issue next week... A source close to the matter said MAN has sought support from key Scania shareholders for a possible bid, which analysts estimate could be worth up to $15.2 billion (12 billion euros)...
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