VW May Bid for Paccar, Bernstein Says, Citing Daimler Exec
2014-07-03 06:02:36.276 GMT
By Brian Lysaght
July 3 (Bloomberg) -- Daimler Truck unit chief Wolfgang
Bernhard told analysts at a meeting yday that Volkswagen will
bid for Paccar next year, Bernstein analyst Max Warburton says
in a note.
* Bernhard cited “serious, multiple sources,” says Warburton
* Bernstein says VW-Paccar has long been rumored, would make
some sense since VW truck operations are Europe focused, but
“would be expensive, require a capital raise and may upset
investors”
* Deal would be dilutive, unless VW extracts massive
synergies: Bernstein
* Daimler Trucks outlook more positive than expected:
Bernstein
* NOTE: Paccar mkt cap $22.6b; Bernhard was VW mgmt bd member
2005-2007
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To contact the reporter on this story:
Brian Lysaght in London at +44-20-7330-7908 or
blysaght@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
2014-07-03 06:02:36.276 GMT
By Brian Lysaght
July 3 (Bloomberg) -- Daimler Truck unit chief Wolfgang
Bernhard told analysts at a meeting yday that Volkswagen will
bid for Paccar next year, Bernstein analyst Max Warburton says
in a note.
* Bernhard cited “serious, multiple sources,” says Warburton
* Bernstein says VW-Paccar has long been rumored, would make
some sense since VW truck operations are Europe focused, but
“would be expensive, require a capital raise and may upset
investors”
* Deal would be dilutive, unless VW extracts massive
synergies: Bernstein
* Daimler Trucks outlook more positive than expected:
Bernstein
* NOTE: Paccar mkt cap $22.6b; Bernhard was VW mgmt bd member
2005-2007
Link to Company News:DAI GR <Equity> CN <GO>
Link to Company News:VOW GR <Equity> CN <GO>
Link to Company News:PCAR US <Equity> CN <GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Brian Lysaght in London at +44-20-7330-7908 or
blysaght@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net