Scania: Investor could accept Volkswagen's offer if new information comes to light in conjunction to offer results
Investor, the Swedish investment company, could accept Volkswagen’s offer for the remaining shares in Scania, Dagens Industri reported.
The Swedish business daily reported Investor owns 0.4% of the shares in the Swedish truck maker and recently announced that it has decided to reject Volkswagens offer based on the recommendation of Scania’s independent committee.
However, the paper cited Investor's spokesperson, Stefan Stern, who commented that the company may decide to change its decision after the results of the offer have been announced based on new information which may come forth at that time.
The paper reported the results for Volkswagen’s offer are expected to be released today after the German auto giant announced yesterday that the results and other decisions would be announced shortly.
The item added the general market consensus is that the offer will either succeed or Volkswagen will extend the offer period. An increased offer is also seen as possible but this move would require approval from the entire Volkswagen board and an exemption from the Swedish Securities Council, the article noted.
Source Dagens Industri