Deals
Volkswagen Ordered to Raise Payout for MAN Investors by 12%
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Volkswagen AG was ordered to pay MAN SE minority shareholders 12 percent more than it offered two years ago, adding about 330 million euros ($362 million) to the cost of gaining full control of the German truckmaker.
The Munich Regional Court on Friday ruled VW must increase its payout for MAN shareholders to 90.29 euros per share from the 80.89 euros it offered in 2013. The guaranteed dividend remains unchanged, Judge Helmut Krenek said when delivering the ruling on Friday on 160 lawsuits filed by hedge funds, institutional and other investors.