Investor rejects MAN:s offer for Scania
With reference to the public offer for all shares in Scania announced by MAN today, Investor hereby inform that we on September 11, 2006 received an expression of intent from MAN that in all material aspects was in line with the offer announced today. We responded to MAN that we would not to accept the proposal since it did not reflect the fair value and potential of Scania. Consequently, Investor rejects the public offer announced today.
Investor currently holds shares in Scania representing 10.8 percent of the capital and 19.3 percent of the votes.
For further information:
Fredrik Lindgren, Vice President, Corporate Communications,
+46 8 614 2031, +46 735 24 2031
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Investor is the largest industrial holding company in the Nordic region. For almost a century, our business concept has been generate attractive long-term returns by investing in companies with solid potential for value creation and applying our experience, knowledge and network to make them best-in-class. Investor is a leading shareholder in a number of multinational companies, including Ericsson, SEB and Atlas Copco. Investor also conducts private equity activities in the United States, Northern Europe and Asia.
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