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MAN / SCANIA BUSINESS AFFAIRS
Following, full brief to MAN's offer for SCANIA shares
* Germany - Pischetsrieder to lead push for MAN-Scania deal
Hamburg,GER -Reuters -10 Nov 2006: -- Volkswagen AG's supervisory board will decide on Friday, Nov. 17, whether to put outgoing CEO Bernd Pischetrieder in charge of the group's push for a European truck merger, a board source said today...
* Sweden - Authorities probe Investor on Scania
Stockholm,SWE -Reuters/Financial Times -10 Nov 2006: -- Sweden's financial markets watchdog will probe whether holding company Investor and funds controlled by the Wallenberg family must bid for truck maker Scania...
* Sweden - Scania shares slide as MAN bid doubts grow
Stockholm,SWE -Reuters /Frankfurter Allgemeine Zeitung -15 Nov 2006: -- Shares in Swedish truck maker Scania today slipped below the price being offered by rival MAN as doubts grew the German company's bid would succeed. Doubts were fueled by a report in German daily news, that said attempts to reach a friendly merger had broken down and MAN had no choice but to go hostile...
* Sweden - Investor AB, Wallenberg funds join forces on Scania
Stockholm,SWE -Reuters -Nov 17, 2006: -- Wallenberg holding company Investor and family-run foundations said today they would pool their shareholding in Scania in order to influence talks on Scania, being bid for by MAN... Investor made the announcement just after Sweden's markets authority exempted it and the foundations from a compulsory bid for Scania after their shareholding topped 30 percent...
* Sweden - MAN CEO not planning raised Scania bid
Stockholm,SWE -Reuters -Nov 17, 2006: -- German truck maker MAN, which has launched an unsolicited $13.2 billion (10.3 billion euros) bid for rival Scania, does not plan to raise its offer, a Swedish newspaper quoted its top executive as saying today... MAN unveiled its formal offer on Thursday, Nov. 16, on unchanged terms from its initial proposal which both Scania's board and its second biggest owner Investor AB have rejected...
posted by Unknown @ 11:30 AM
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