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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The auto-parts retailer rebuffs a rival's bid, adopting a poison pill defense.
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German industrial group MAN AG   MANG.DE unveiled a 9.6 billion euro ($12.2 billion)   cash-and-share offer for Scania AB SCVb.ST, which the Swedish   truckmaker and a key shareholder immediately rejected on   Monday.
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The London Stock Exchange has rejected a Â£1.35bn offer from German market Deutsche Boerse, but says fresh talks are possible.
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Scania (SCVb.ST) Chief Executive Leif  Ostling met institutional shareholders this week to discuss  MAN's  9.6 billion euro ($12.2 billion) bid, the  Swedish truckmaker said on Wednesday.
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Referee Andy DâUrso has been suspended for 28 days following his blunder in Southamptonâs match with Blackburn on August 21. DâUrso cautioned Barry Ferguson twice but did not send him off in the Barclays Premiership match.
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The junior trader blamed for causing a $7 billion loss at French bank Societe Generale faced a second day of questioning by finance police on Sunday.
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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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German engineering conglomerate MAN, which wants to take over Swedish truck maker Scania, has said cost-cutting measures and strong demand for its products enabled it to book record earnings last year.
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A Monaco-based fund which holds a stake in SK Corp threatened yesterday to take legal action against a corruption-tainted chief executive at the company, South Korea&#39;s largest oil refiner.
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Claims that Portsmouth chairman Milan Mandaric fell out with former manager Harry Redknapp over the money paid to agents involved in transfers were denied yesterday by Jim Smith, Redknapp&#39;s assistant.
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German industrial group MAN AG   MANG.DE made a 9.6 billion euros ($12.2 billion)   cash-and-share offer for Scania AB SCVb.ST, which the Swedish   truckmaker and a key shareholder immediately rejected on   Monday.
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A former top manager in the Airbus aircraft group rejected on Wednesday renewed suggestions that he made a fortune illegally by selling shares, knowing that the company was in deep trouble.
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Manchester United's board is set to consider a renewed bid from US tycoon Malcolm Glazer, but fans are still opposed.
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Swedish truckmaker Scania AB on Friday formally rejected a 10.3 billion euro ($13.3 billion) takeover bid by German rival MAN AG, saying the offer was too low.
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SCOTTISH Football Association chief executive David Taylor has issued another denial that national team manager Berti Vogts is facing the sack, but the man who had head-hunted the German from the deserts of Kuwait also indicated that as soon as Scotland
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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.