Scania says it has `reasonable grounds’ to expect takeover bid from MAN

man.jpgShares 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