Scania Rejects MAN Takeover Bid

The board of Swedish truck and engines manufacturer Scania unanimously rejected a ¢ 9.6bn takeover bid from German rival MAN last month. MAN is currently the third largest truck maker in Europe, while Scania is fourth.

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The board of Swedish truck and engines manufacturer Scania unanimously rejected a ¢ 9.6bn takeover bid from German rival MAN last month. MAN is currently the third largest truck maker in Europe, while Scania is fourth.