Scania rebuffs MAN again, sees new payout prospect

Newswire

STOCKHOLM, Nov 24 (Reuters) - Swedish truck maker Scania on Friday again rejected the unsolicited takeover bid from German rival MAN and raised the prospect of another special payout for shareholders in 2007. "The board confirms that it continues to unanimously recommend Scania shareholders not to accept the offer ... The Board of Scania is of the firm view that the offer from MAN substantially undervalues Scania," it said in a statement. Scania in October said it had the scope to make a ...

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