Scania chiefs threaten to quit if hostile takeover

Newswire

FRANKFURT/STOCKHOLM, Aug 20 (Reuters) - Swedish truck maker Scania's entire top management would leave in the event of a hostile takeover by a rival company, a spokesman said on Wednesday. Scania spokesman Hans-Ake Danielsson said that his company was emphatically against any forced tie-ups with rival firms and that if such a takeover succeeded its leadership would walk out. "It's quite a natural reaction, isn't it?" said Danielsson, when asked if management would quit. "Scania's opinion ...

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