Minority shareholders hesitant about VW's $9.2 billion offer for Scania

Published October 10, 2016

Minority shareholders of Swedish truck maker Scania say they are hesitant about Volkswagen's 6.7 billion-euro ($9.2 billion) offer to take over the rest of the company.

Swedish pension fund AP4 said in a statement Monday it will review the offer but that "it is not obvious that the price now offered is best in the long term."

Jonas Collet, spokesman for the Skandia Liv financial group, said it will not accept the bid, while bank Nordea's spokeswoman Helena Ostman said it considers it a good offer.

Europe's biggest auto manufacturer said late Friday it wants to purchase the 37.4 percent of Scania it doesn't already own for 200 kronor ($30.62) per share. Shares in Volkswagen plunged Monday by 6.77 percent to 187.40 euros in midday trading.

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https://www.foxnews.com/auto/minority-shareholders-hesitant-about-vws-9-2-billion-offer-for-scania