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Will they? Won't they? Biglorryblog on the latest turn in the MAN takeover of Scania...


   For all those readers of Biglorryblog who have been following the great 'MAN/Scania bid' saga, here is the latest communique from the folks at Munich which is about a unequivocal as it gets in this business in terms of saying yes, we're definitely going to go for it.

"MAN notes the recent media speculation concerning a possible offer by MAN for Scania and the statement made by Scania last night. MAN believes that the rationale behind combining MAN and Scania is compelling and confirms its interest in such a combination.Together MAN and Scania would become Europe's leading truck business creating a platform for profitable growth. A further statement will be made next week."

Yours truly can't help wondering exactly when the Germans will decide to drop their bid bombshell. My money's on press day at next week's Hanover IAA Truck Show when all the world's trucking hacks will be there ready and waiting. Indeed the last time something like this happened to Scania was when Volvo snapped up a whole raft of its Swedish rival's shares to give it a 12.8% stake in the company at the time of the 1999 Brussels truck show when we were treated to the sight of senior Scania bosses scurrying over to the Volvo stand to find what exactly what was going on from their counterparts. What fun! Of course, Volvo eventually had to divest itself of those Scania shares when it 'merged' (sic) with Renault but that's another story.

Meanwhile, assorted pundits and 'weisenheimers' are speculating as to what role Scania chairman Bernd Pischetsrieder will play in the whole brouhaha. Pischetsrieder also happens to be boss of VW and is Scania chairman by virtue of VW's 36% stake in the Swedish truck maker. He is also reported to have been keen to sell off VW's South American truck operation (below) and European van business to (you guessed it) Scania.

Some analysts are already lining him up as 'King Maker' in any deal with MAN. Naturally, Biglorrybog will continue to keep you all informed. Earlier today I was asked by a colleague whether I thought MAN would succeed in any bid. My answer now remains the same as before. "It all depends on Scania's shareholders". If they back an MAN takeover,then Scania boss Leif Ostling could find himself outgunned.




                   Multi "actori" implicati in aceasta problema printre care si presedintele de la VW, care detine 36% din actiunile Scania !!!  

asta chiar ca e o bomba. traducerea?

none, on Sep 18 2006, 13:44, said:

Nu stii sa folosesti internetul?

"Analytiker zeichnen ihn bereits oben als ' König Maker ' in jedem möglichem Abkommen mit MANN. Natürlich fährt Biglorrybog fort, Sie ganz informiert zu halten. Früherer heutiger Tag wurde mich von einem Kollegen gefragt, ob ich dachte, daß MANN mit gebotenen irgendwelchen folgen würde. Meine Antwort bleibt jetzt dieselbe wie vorher. "alle sie hängt von den Aktionären Scanias" ab. Wenn sie eine MANN-Übernahme unterstützen, dann outgunned Scania Chef, den Leif Ostling sich finden könnte."


Naturlich none

Pai iti spun in mare ce scrie in articol: MAN este tentat sa cumpere pachetul majoritar de actiuni al Scania, asta dupa ce in trecut au existat colaborari la dezvoltarea trenurilor de rulare si cutiilor de viteze. Deocamdata cei de la MAN nu sunt prea hotarati sa faca acest pas, insa mai este un "pion" important in toata aceasta afacere, care s-ar putea opune acestei "aliante" si anume presedintele VW,Bernd Pischetsrieder care detine 36% din actiunile Scania si care ar dori sa vanda divizia de autovehicule comerciale VW nimeni altcuiva decat celor de la Scania. Deocamdata insa sunt foarte multe speculatii si este greu sa se formeze o opinie concreta in acest caz, dar poate salonul IAA Hanovra acum la sfarsitul lui septembrie va lamuri ceva.  

nu cred ca ar fi prea bine daca s-ar intampla asta, Scania e Scania si Man-ul e man    

Iata si rezultatul acestei probleme:


Scania says 'Thanks...but no thanks' to an MAN takeover offer.



What looks like the first serious shots in what promises to be a pretty protracted MAN takeover battle for Scania have now been fired. Today(Monday the 18th) Scania issued the following notice in which it publically rejects the soft whispered blandishments from the men at Munich.

MAN AG has today made a public offer for all the shares in Scania AB.

On 13 September, 2006 the Board of Directors of Scania AB received a letter from the Chairman of the Executive Board of MAN AG, describing a possible offer on Scania. In all material aspects, the public offer is in line with the contents of the above letter.

At a Board meeting held on 17 September, 2006 the Board of Directors carefully studied the contents of the letter and have, after having engaged professional advisors to assist in its review and assessment of the proposal, unanimously decided not to support the proposals outlined therein. On Sunday 17 September, the Board of Scania promptly informed MAN AG of its decision.

Should we be at all surprised by this? No of course not...... only as the Hanover show prepares to open its doors to welcome the world's assorted trucking hacks there will no doubt be a feedy frenzy around the stands of both manufacturers in a bid to find out what's going to happen next. Naturally Biglorryblog will be there to snap up the odd unconsidered crumb. So will the Scania board carry the day with the Swedish truck maker's shareholders? Now that as they say is the $64,000 question. I wonder also whether we'll see a copy of the letter too....?

As the great Barry Davis once said: "Interesting...VERY Interesting!"

Si totusi nu s-a terminat  


           Poker around Scania continues


VOLKSWAGEN initiates the development of the assumption
The Poker around the assumption of truck farmer Scania goes into the crucial phase. The Volkswagen supervisory board makes important switch positions.
The Milliardenpoker around the assumption of the Swedish commercial motor vehicle company Scania goes into the crucial phase. The supervisory board of the Scania principal shareholder Volkswagen met on Sunday (15.10.2006) to an extraordinary meeting, in order to make important switch positions. “We will surely give, said recommendations for the further procedure” the deputy Volkswagen supervisory board chairman and industrial union to metal boss Jürgen Peter in the apron of the meeting. Also the control committee of Scania met on Sunday.



The role of VOLKSWAGEN with the Preispoker is unclear. The Wolfsburger bought 15.06 per cent of the portions of MAN ONES.
For three weeks the assumption fight raves betweenMAN ONES andScania. The Munich truck company had last raised its offer for Scania from 9,6 on something over ten billion euro. Scania rejects the offer however as too low. The role of of Europe is unclear largest automobile company. VOLKSWAGEN had acquired 15.06 per cent of the portions of MAN ONES in the next to last week. Last it had however the appearance that the Wolfsburger struck itself on the side of MAN ONES. Thus rumors keep themselves persistent that in the past week the entrance taken place took place from MAN ONES with Scania (14.27 per cent of the portions) with approval from VOLKSWAGEN and its chairmen of the board Bernd Pischetsrieder.




An assumption of Scania is probable by MAN ONES with support of VOLKSWAGEN
Said metal boss to the industrial union, he endorsed a concerted alliance.

Ferdinand Piëch holds to the plan of a European truck group. by VOLKSWAGEN for a European
truck group Peter according to the Volkswagen supervisory board chairman and former company head are Ferdinand Piëch. It never gave the vision up of a commercial motor vehicle company leading in Europe since the acquisition of 34 per cent of the being correct rights at Scania “under the roof or beside the roof” from VOLKSWAGEN. The second determining large shareholder with Scania is the familyfamily family boiling mountain, which holds directly and indirectly 29 per cent of the being correct rights.

At present the scenario most probable for experts is an assumption of Scania by MAN ONES with support of VOLKSWAGEN. Allegedly MAN ONE wants to increase its offer, which is to share at present with 475 Swedish crowns for each, on today's Monday (16.10.2006) to 500 Swedish crowns. The Volkswagen supervisory board might support this offer after information of the Swedish daily paper “Dagens Industri”.




Scania could decide a “poison pill” for the protection against the one attack
More improbably, but it is likewise conceivable that Scania turns into to the counter attack and delivers for his part an offer for MAN ONES. One with the negotiations person trusted said to the WORLD ON SUNDAY: “With a capital increase that could be financed.” It unimportant to the capital market, who lifts the synergies. However Volkswagen would have to agree as largest shareholders also in this case. Whether the Wolfsburger could actually think in view of the current reorganization of its Kernmarke VOLKSWAGEN about a common offer with Scania for MAN ONES, seems however questionable.

At the supervisory board meeting of Scania a so-called “poison pill” could be decided for the protection against the one attack as surprise coup. According to estimate of the HypoVereinsbank this for example of a special dividend at a value of 60 Swedish crowns for each share could exist. This would raise the price of the purchase price for MAN ONES by approximately 1.2 billion euro.


              http://www.autobild.de/aktuell/meldungen/a...rtikel_id=12487

Daca chiar o sa cumpere Scania io zic ca nimic nu o sa le mai stea in cale ei o sa fie numara 1

No way no how ! Nu imi doresc sa se intample asta, pentru ca in momentul de fata Scania este "la mila" actionarului principal si anume presedintele VW, care are planuri de exploatare a retelei de service si dealeri Scania din America de Sud pentru a dezvolta divizia VW Nutzfahrzeuge de acolo, plus pentru "infuzia" de tehnologie Scania catre MAN, deci pana acum NIMIC avantajos pentru Scania, nici macar ultima oferta de 10 miliarde de euro !!!  

Mie îmi sună a anii '80 când "Mercedes" a preluat "Saurer" și "FBW" și le-a falimentat. Probabil erau invidioși pe autibuzele și troleibuzele elvețienilor -erau prea bune - nu cred că există pera multe troliebuze germane de acum 30-50 să mai meargă, dar "Saurer" și "FBW" încă se folosesc...

Nu neaparat falimentarea Scania, dar mai mult ca sigur ca va trece pe planul 2 in ceea ce priveste dezvoltarea.  

eu is curios cum ar dori cineva care a bagat bani buni intr-o alta firma sa o faca sa scada, ca sa faca bani mai putini. Poate doar daca din dezvoltarea VW va capata mai multi bani decat pierderea suferita cu scania

Prima intalnire a reprezentantilor MAN si SCANIA.    


              First meeting between MAN ONES and Scania


Munich/Stockholm. MAN ONES and the Swedish truck manufacturer Scania took up direct discussions with one another for the first time after a newspaper report in the Übernahmepoker. Representatives of both enterprises would have met few days ago, in order to advise over possible synergies with a Zusammengehen of the two enterprises, report „the Financial Time “with reference to enterprise circles.

One boss Hakan Samuelsson and its Scania opposite Leif Östling would have telephoned several times with one another. Samuelsson had rejected each comment on Thursday with the conception of the one quarter numbers to possible discussions with Scania. According to data „of the Financial Time “the views of both sides lie apart with the discussions however far. While MAN ONES and Volkswagen speak as a large shareholder both truck farmer of good progress, both sides are „worlds apart “, were called it in the report after Scania view. A Scania spokeswoman called the report speculation, which did not want to commentate her.

The synergy discussions between both enterprises were at the beginning of of October von VW-Chef Bernd Pischetsrieder lively. Volkswagen is with 18,7 per cent of the capital and 34 per cent of the being correct rights of largest Scania shareholders and since at the beginning of of Octobers with in the meantime approximately 20 per cent also largest shareholder with MAN ONES. The resident of Munich commercial motor vehicle and mechanical engineering company had announced in September to want to take over the Swedish competitor for meanwhile well ten billion euro. The official assumption offer wants to submit MAN ONES after recent planning in the middle of November.


                http://www.verkehrsr...l.php?id=448394

Scania rezista in continuare intereselor VW de a realiza fuziunea cu MAN pana la finele anului. Doamne ajuta sa nu se intample !!!  


         Swedish trade unions want to mobilize the public because of „distrust against MAN ONES “against the assumption offer from MunichTrade unions and work council with the Swedish commercial motor vehicle manufacturer Scania required the cancelling of the assumption offer on weekend by the German competitor MAN ONE. How the work council chairman Kjell Wallin in the trade journal announced „Dagens Industri “, the Swedish trade unions want to mobilize the public because of „substantial distrust against MAN ONES “against the assumption offer from Munich. Rather one occurs for a counter offer from Scania to the assumption of the German company.

MAN ONE had submitted last week officially an offer over 10.3 billion euro, which both Scania themselves and its second largest owner, who rejects Swedish group of boiling mountains. The Volkswagen company as largest shareholders with Scania like also MAN ONE discussion themselves on Friday for a peaceful agreement on a fusion of both enterprises.

Meant the work council chairmen Wallin, threatens the controversy one „large Fiasko for all to become and particularly for Scania “. The reliability from MAN ONES is „completely over there “, after its company head Håkan Samuelsson concealed the job warranties for 7,000 residents of Munich one persons employed to 2012, negotiated with the industrial union metal, with the direct negotiations with its Scania colleague Leif Östling. Samuelsson left Scania and its to shareholders „consciously in the dark “.

The tendency with the 32,000 persons employed of the Swedish enterprise called the metal trade unionist because of the continuous rope pulling around the one assumption „expressed inflammatory “. Also with the foreign subsidiaries the refusal of the one offer is unanimous. Wallin had already required the cancelling of the occupation warranties in Germany in the previous week, because otherwise the load of all cost savings had to be carried exclusively by the Scania staff.

MAN joaca in continuare murdar, Scania critica !  



The Board of Scania criticises MAN’s offer



The Board of Directors of Scania notes that MAN’s All Cash Alternative is currently worth SEK 464 per share*. This is a lower price than we understand was the highest SEK equivalent price paid by MAN to acquire Scania shares in the market, which was the basis for the modified offer.

Furthermore, the Board of Directors notes that the terms of MAN’s offer as represented in the offer document are substantially the same as those published by MAN on 12 October. However, MAN has omitted to include in the document that the Board of Directors of Scania rejected the offer on 12 October.

Scania will raise both of the above issues with the Swedish Securities Council.

The Board of Directors will finalise its review and revert with a full response and reasoned statement to MAN’s offer in due course.

* Using the SEK/EURO exchange rate of 9.0490, derived from WM/Reuters as of 16:00 (London time) 16 November 2006


             http://www.scania.co...Q4/N06043EN.asp

"Telenovela" continua, consiliul director de la Scania, le sugereaza actionarilor sai sa refuze in continuare oferta NESOLICITATA din partea celor de la MAN. De asemenea tot conducerea Scania sustine (pe buna dreptate) faptul ca oferta MAN subevalueaza mult compania Scania in momentul de fata fiind cea mai de succes si profitabila companie europeana independenta ! Mai multe detalii pe link:


           http://www.scania.co...Q4/N06046EN.asp



          Doamne ajuta in continuare sa nu cedeze Scania pana la finele anului cand fostul presedinte VW va iesi din schema si poate altele vor fi interesele VW.  

pai problema e de bani. Daca cei care au actiunile vor considera ca oferta face banii vor vinde probabil

Totul se rezuma la cei de la VW, ei sunt actionarii majoritari, iar consiliul de la Scania le-a sugerat daca tot nu vor sa se razgandeasca, sa vanda actiunile de tip A si B cu 51.29 euro.