MAN completes preference share swap

Newswire

FRANKFURT, Aug 27 (Reuters) - German trucks and engineering group MAN AG said on Tuesday that 83.5 percent of preference shareholders had accepted an offer to swap their shares for ordinary shares in a move to create a single class of stock. MAN wants to replace its preference stock, which makes up 25 percent of its 147 million shares, to create a single class of stock in line with commonly accepted international practice. Many stock index compilers, including Deutsche Boerse AG , ...

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