TITLE

Volvo makes public bid for Nissan Diesel

PUB. DATE
March 2007
SOURCE
Trailer / Body Builders;Mar2007, Vol. 48 Issue 5, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of the board of directors of AB Volvo to make a public bid to acquire Japanese truck manufacturer Nissan Diesel. Volvo's offer for Nissan Diesel is open through March 23, 2007 and is not conditional upon a lowest level of acceptance, but is dependent on the necessary approvals from the anti-trust authorities. Nissan Diesel holds a market share of about 24 percent in heavy trucks and 15 percent in the medium-heavy segment in Japan.
ACCESSION #
24768863

 

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