Shares of Scania AB rose more than nine per cent before its shares were halted from trading Tuesday amid reports that MAN AG was considering a takeover bid that could combine two of Europe’s largest truckmakers.
In a statement released after markets closed, Scania said it had “received information to the effect that it has reasonable grounds to assume that Germany’s MAN AG will make a bid for the company.” Continue reading Scania says it has `reasonable grounds’ to expect takeover bid from MAN