UPDATE 1-Scania stock skids as VW torpedoes MAN bid

Newswire

(Rewrites with market reaction, adds Investor comment, analyst) By Christiaan Hetzner FRANKFURT, Sept 26 (Reuters) - Shares in Swedish truckmaker Scania fell nearly 8 percent on Tuesday after its biggest shareholder, Volkswagen , rejected a higher takeover offer for Scania from Germany's MAN . Instead, Volkswagen Chief Executive Bernd Pischetsrieder laid out a rival scenario in which MAN would abandon its bid for Scania in favour of a new three-way merger that would include VW's own ...

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