Scania board rejects latest bid from MAN

November 2006
Commercial Motor;11/30/2006, Vol. 204 Issue 5206, p16
Trade Publication
The article reports on the rejection of the board of directors of Swedish firm Scania on the takeover bid of MAN. Scania's board of directors rejected the offer while MAN has given assurances to Scania's staff over job security thinking that MAN undervalues the firm. MAN, on the other hand, is rejecting claims by unions at Scania that production jobs would be lost in the merger.


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