FRANKFURT, Nov 16 (Reuters) - German truckmaker MAN AG officially launched its 10.3 billion euro ($13.2 billion) cash-and-share takeover offer for Swedish rival Scania on Thursday, going hostile after failing to clinch a friendly deal.
MAN said Scania shareholders had from Nov. 20 until Dec. 11 to tender their shares in Scania in a deal that would create the European truck market leader. Scania and its second-biggest shareholder, Investor AB , have so far rejected the offer.
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