Saab owner spurns Chinese takeover

Newswire

AMSTERDAM, Oct 21 (Reuters) - The chief executive of Swedish Automobile said on Friday he had turned down a full-blown takeover offer from China's Zhejiang Youngman Lotus Automobile Co and Pangda Automobile Trade Co . "The token offer was unacceptable because it would trigger every conceivable change of control clause and that would possibly mean the end of Saab," Swedish Automobile CEO Victor Muller told Reuters in a telephone interview. Muller would not disclose the value of the offer. ...

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