MAN to likely drop Scania bid -company source


MUNICH, Jan 23 (Reuters) - German truckmaker MAN AG will likely drop its cash and stock bid for Swedish rival Scania worth over 10 billion euros ($13.01 billion), a source at MAN said on Tuesday. "It seems absolutely to be the case that that will happen," the source said. A spokesman for the German industrial conglomerate said that a statement would be made later today, but declined to comment on its content. Scania as well as its two large shareholders -- Volkswagen and Investor AB -- ...

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