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Volvo looking at MAN - rumour.

The rumour mill is working overtime at the moment. The latest from investorland is a mooted takeover of MAN by Volvo.

Quoted in some reports is Equinet Securities AG Thomas Nagel, who says that there are: "Rumors Volvo AB might bid 90 euros apiece are boosting MAN shares.''

Unlikely, we’d suggest. But, if it does go the distance, it'll be interesting to see what Volvo's due dilligence people make of the news that the Zhongwei Bus & Coach Group has issued libel writs against MAN AG, Neoplan Bus GmbH and its marketing agency, claiming that the three defendants have seriously damaged its business reputation by claiming that Zhongwei's A9 bus was a "copycat design" of Neoplan's Starliner.


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This page contains a single entry from the blog posted on January 29, 2007 5:20 PM.

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