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Reverse Bid for MAN?

It’s beginning to look as if the MAN-Scania-VW situation is heading towards closure, with the hunter turning hunted and in no short order. Reports over at newratings.com speak of a reverse bid that would see Scania – backed by VW – taking control of MAN. Further details – and some comment from E*Trade’s Lee Humphreys – can be found at Bloomberg. Some analysts are talking of a final bid price of around €81 per share for MAN, which closed on Tuesday €4 or 5.71 per cent up at €74.00

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This page contains a single entry from the blog posted on October 3, 2006 6:59 PM.

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