VW in driver's seat on Scania counterbid for MAN

Newswire

By Niklas Pollard STOCKHOLM, Nov 29 (Reuters) - The case for a counterbid by truckmaker Scania for rival MAN strengthened after a Scania investor said such a bid was being considered and the Swedish company was reported to have lined up financing. But Scania would still need the support of Volkswagen , the key shareholder in both firms, as well as a successful share issue to succeed, analysts said on Wednesday. Market speculation that Scania may seek to bat back the German truckmaker's ...

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