Scania rebuffs MAN again, sees new payout prospect
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Swedish truck maker Scania on Friday stood by its rejection of German rival MAN's hostile bid, as it raised the prospect of further extra shareholder payouts and warned of job losses in Sweden.
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Sheffield United's Keith Gillespie received an additional one-match ban after admitting a charge of violent conduct and will now miss four games in total following his red card for a clash with Reading's Stephen Hunt on January 20.
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German industrial conglomerate MAN says its supervisory board is scheduled to meet this weekend to discuss a possible offer for Swedish truck maker Scania.
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ABB yesterday tried to play down an appeals court setback that could derail its $1.2bn US asbestos liability settlement. Shares in the Swiss-Swedish engineering
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Plans to merge Swedish truck-maker Scania with Germany&#39;s MAN and parts of Volkswagen have been called off, according to a report quoting an unidentified manager involved.
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The aluminum producer Alcoa said in a statement that it would continue to pursue its $27.4 billion cash and stock bid for a rival, Alcan, despite the Canadian companyâs rejection of the offer. But Alcoaâs chairman and chief executive, Alain J. P. Belda, said that the company would not enhance the proposal, which Alcan called inadequate. âWe have studied Alcanâs response and have not seen anything that would lead us to re-evaluate our offer,â Mr. Belda said. He also rejected suggestions by Alcan that Alcoa would have difficulty obtaining antitrust approval for the merger and urged Alcanâs board to resume its examination of the bid.
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Scottish and Newcastle said Thursday it had rejected a new takeover bid from Danish group Carlsberg and Dutch peer Heineken that was worth 7.4 billion pounds.
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Sport: Chairman says he is opposed to involvement because it's not clear how Uzbek suitor amassed fortune.
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Germany's MAN AG is planning a more   attractive bid to win over resistant shareholders of Swedish   truckmaker Scania SCVb.ST, the Wall Street Journal on Friday   quoted MAN Chief Executive Hakan Samuelsson as saying.
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SociÃ©tÃ© GÃ©nÃ©raleâs top executive, Daniel Bouton, offered his resignation on Wednesday for a second time, but the bankâs board declined to vote on it, maintaining him in his job for now.
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An executive at Scania ,  object of an unsolicited bid from Germany's MAN, has rejected  market speculation that Scania may be too small to remain  independent and successful over the long term.
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German industrial conglomerate MAN AG   MANG.DE will offer cash and shares to buy Scania AB SCVb.ST   in a bid that values the Swedish truckmaker at 9.6 billion   euros ($12.2 billion) in total, MAN said early on Monday.
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Ryan Giggs turns down the offer of a new contract from Manchester United.
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HANOVER, Germany  - An executive at Scania ,   object of an unsolicited bid from Germany's MAN, has rejected   market speculation that Scania may be too small to remain   independent and successful over the long term.
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A Swedish mechanic said Sunday he won't pay a parking ticket that claims his snowmobile was illegally parked in Britain this summer.
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Business & money: Â· Union calls one-day stoppage for next  Friday Â· Dispute centres on pay and modernisation plans
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Competition boss who filed charges rejected a settlement offer so EU could maintain oversight.