Germany: MAN board deems VW offer too low

The executive and supervisory boards of MAN SE have recommended that shareholders turn down the mandatory public takeover offer from Volkswagen, claiming the price is too low. In early May 2011, Volkswagen increased its stake in MAN SE from 29.9% to 30.47%, requiring it under German law to make a Subscribe to Automotive World to … Continued

• By Webmaster
• June 8, 2011