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Scania's size - Germany - Big enough to go it alone, executive says
Hanover,Germany -Reuters - Sept 20, 2006: -- An executive at Scania, object of an unsolicited bid from Germany's MAN, has rejected market speculation that Scania may be too small to remain independent and successful over the long term... "I'm convinced Scania can continue to grow organically, as we have done over the years," Hasse Johansson, head of research and development and group vice president, told... "We have the knowledge and we have the resources to meet the technical challenges ... I'm convinced we will continue to develop in a positive way, I mean profitable growth."... In a meeting on Sunday, Sept. 17, Scania's board unanimously rejected an unsolicited $12.2 billion (9.6 billion euros) takeover offer from its German rival that would create the European truck market leader...
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