Scania Shareholder Not Sold On VW's $9.2B Takeover

Law360, New York (February 24, 2014, 1:20 PM EST) -- A minority shareholder in Scania AB expressed reservations Monday over Volkswagen AG’s proposed €6.7 billion ($9.2 billion) buyout of the Swedish truck maker, citing disagreements between Volkswagen and minority shareholders in the past.

The Fourth Swedish National Pension Fund, known as AP4, issued a statement Monday saying it would “carefully assess and evaluate” Volkswagen’s Friday offer of 200 Swedish kronor ($30.77) per share for all Scania A and Scania B shares, expressing hesitance that the deal was in the best interests of its pension holders. The...
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