Volkswagen plans to purchase Scania for 9.2 billion U.S. dollars, but Scania's board members believe that the offer is too low and recommend that shareholders reject the acquisition. Cold Storage High Speed Door Parts Cold Storage High Speed Door Parts, Cold Storage High Speed Door Accessories, High Speed Freezer Door Parts, High Speed Freezer Door Accessories SHENZHEN HONGFA AUTOMATIC DOOR CO., LTD , https://www.hongfarrud.com
Volkswagen Group announced on February 21, 2014 that within the next 90 days (including the 21st), it will quote the price of 200 Swedish kronor (approximately 22.26 euros) per share for the acquisition of all A shares of Scania. And B shares, a total of 298,910,903 shares, worth about 6.7 billion euros (about 9.21 billion US dollars). The quotation bid was officially launched on March 17 and ended on April 25.
On the 18th after the bidding began, Scania's board member committee, which is responsible for evaluating public quotations, stated that the public’s bid was too low. The commission also called on shareholders to reject the public’s offer of 200 kronor per share. In fact, compared to the closing price of Scania on the 21st of February, the public offer is 36% higher. By March 17, Scania's share price rose to 195.9 kroner on the stock market in Stockholm.
The Swedish Shareholders' Association stated that it will evaluate the Scania Commission's report, and then make recommendations, and emphasize that if the public is willing to complete the transaction, they are expected to re-quote. However, the public said in a statement that it will not change the current 6.7 billion euro offer.
In order to build the world’s largest commercial vehicle manufacturer and challenge Daimler’s current status, Volkswagen has been trying to integrate Mann’s and Scania’s two commercial vehicle subsidiaries for many years. After increasing its shareholding in Mann’s shares, VW joined Mann’s holding a 62.6% stake in Scania and 89.2% of the voting shares.
Volkswagen prepares to sell preferred stock, raises 2 billion euros, issues up to 3 billion euros in mixed stocks, and extracts 2 billion euros from the current cash reserve of 16.9 billion euros, raising 6.7 billion euros for all Scania's purchases. funds.