UPDATE 1-VW motors ahead with with truck merger plan

Newswire

* VW formally launches bid for truck maker MAN * Cash offer to be 95 euros per MAN SE ordinary share * Offer period runs until June 29 * MAN shares unchanged at 96.55 euros, Scania up 0.5 percent (Adds details, background)) FRANKFURT, May 31 (Reuters) - German carmaker Volkswagen formally launched a planned bid for truck maker MAN in a move toward forging Europe's biggest truckmaker. VW Chairman Ferdinand Piech has been itching to combine MAN and truck maker Scania to take on ...

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