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MAN withdraws its offer for Scania
1/24/2007 11:27 AM EST
Given that major shareholders of Scania AB (“Scania”) have stated that they are not prepared to accept the public offer of MAN Aktiengesellschaft (“MAN”) to the shareholders in Scania as announced on 18 September 2006 and as supplemented from time to time thereafter (the “Offer”) and it is clear that MAN’s condition for the Offer to acquire more than 90% of the total number of shares and votes in Scania cannot be met MAN has decided to withdraw the Offer. Following clearance by the Swedish Securities Council, MAN hereby an-nounces that MAN withdraws the Offer.
MAN welcomes EU decision as key milestone in favor of a combination with Scania
12/20/2006 1:37 PM EST
The European Commission has announced today that it has cleared the intended acquisition by MAN AG of a majority in Scania AB without conditions. After a thorough examination of...
MAN extends consortium for the financing of the combination with Scania AB
12/11/2006 10:19 AM EST
MAN AG has signed a contract with a banking consortium under the leadership of Citigroup Global Markets Ltd, The Royal Bank of Scotland plc, Bayern LB, West LB AG and...
MAN extends acceptance period for Scania offer until 31 January 2007
12/7/2006 11:43 AM EST
MAN AG decided to extend the acceptance period for its Offer to the shareholders of Scania AB until 31 January 2007.
The extension of the acceptance period beyond the initial...
MAN welcomes the Swedish Securities Council’s ruling – No amendment to the terms of the Offer required
12/1/2006 6:04 AM EST
In its ruling, the Swedish Securities Council has concluded that no changes to the terms of the Offer are required. The Swedish Securities Council did not support the claim by the...
MAN Notes Today’s Statement by the Competition Commission
11/30/2006 8:23 AM EST
MAN notes that the European Competition Commission has today extended the date for a decision on its anti trust review of MAN’s proposed acquisition of Scania from 6th December to...
Combination of MAN and Scania is the best way to protect and create employment in Sweden and Germany
11/23/2006 9:49 AM EST
No production job cuts resulting from this combination MAN will not support an industrial governance focused on cross-subsidies Following certain public discussions in...
MAN has published Scania Offer Document – next step towards European truck champion
11/16/2006 4:26 AM EST
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, ITALY, JAPAN OR ANY OTHER RESTRICTED JURISDICTION. ...
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