MAN supervisory board backs talks on friendly merger with Scania, VW truck ops |
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Published
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Thu, 01 Feb 2007 18:29
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FRANKFURT (AFX) - MAN AG said its supervisory board has backed efforts by the truck maker's executive board to hold talks about a possible friendly merger with Swedish peer Scania AB and Volkswagen AG's heavy trucks business, after MAN last month withdrew its takeover bid for Scania.In a statement, the supervisory board said it 'supports the wish of the executive board to seek discussions with all involved about a friendly combination of MAN AG, Scania AB and Volkswagen Heavy Trucks'.'The supervisory board also expressed their complete trust in Mr Hakan Samuelsson as CEO and in the entire board' at a board meeting today, it added.newsdesk@afxnews.comjfb/lamCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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VW supervisory board head Piech, Scania shareholder Wallenberg in talks-sources 