This report suggests that the analyst community is now of the view that a takeover of MAN by Scania is the likely outcome of the current merger negotiations between the two OEMs.
MAN AG still intends to publish a formal offer – believed to be on Thursday of this week - to take over Scania AB at an unchanged SEK475 ($66.98/€52.31/£35.48) per share.
Frankfurter Allgemeine Zeitung today reported, citing sources in Sweden that the ongoing merger talks have broken down because the management of both Scania and Investor have rejected MAN's overtures. At the same time, Swedish labour unions are now resolutely opposed to the deal.
One thing has been resolved. It looks like the Wallenberg family will have to pay a fine, rather than make a formal bid for Scania, something that looked to be a possibility last week as its holding in the company had breached 30 per cent, the point at which Swedish law demands a formal bid to be made.