MAN may raise Scania bid to 500 crowns/shr- report


FRANKFURT, Sept 23 (Reuters) - German truck maker MAN AG is considering raising its bid for Swedish rival Scania to 500 Swedish crowns ($69.16) per share and may have to pay even more, a German car industry magazine reported on Saturday. MAN AG's 9.6-billion-euro ($12.3 billion) cash-and-stock offer unveiled on Sept. 18 valued Scania at around 48 euros, or slightly over 440 Swedish crowns, per share. "A price of 500 crowns per share is one option being discussed at the top of MAN AG," ...

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