Scania rejects MAN offer

Says offer substantially undervalued; warns of job losses in Sweden.

15 Feb 2007 | 3125 Views | By Autocar Pro News Desk

Swedish truck maker Scania stood by its rejection of German rival MAN’s hostile bid, as it raised the prospect of further extra shareholder payouts and warned of job losses in Sweden. Scania’s second rejection of the 10.3 billion euro offer was the latest salvo in a long war of words ...

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