Deals
VW Sets Preliminary MAN Offer in Push for Full Control
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Volkswagen AG, Europe’s largest carmaker, made a low-ball initial offer to other holders of MAN SE stock as it pushes for full control of the German truckmaker.
VW, which already owns 75.03 percent of the Munich-based company’s voting rights, will offer 80.89 euros ($104.34) per share, a 7.1 percent discount to MAN’s closing price yesterday, according to a statement yesterday from the truckmaker.