Scania CEO says cool-off period after MAN bid good

Newswire

STOCKHOLM, Jan 25 (Reuters) - The chief executive of truck maker Scania , which this week escaped a hostile bid by rival MAN , said on Thursday a cooling-off period now the German firm has withdrawn its bid was a good idea. "I think it is good to have a cooling-off period after five (months) of intensive work on all these issues which are not related to our normal business," Chief Executive Leif Ostling said at the presentation of the company's fourth-quarter results. He was more ...

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