/ News, Volkswagen / VW to Buy MAN’s Shares from Minority Shareholders

VW to Buy MAN’s Shares from Minority Shareholders

Linked In Share
VW to Buy MAN’s Shares from Minority Shareholders

MAN announced that VW is interested in buying the company’s shares from the minority shareholders, offering 80.89 euro per share.

This move is part of VW’s plan to gain full control of MAN, but the offered price represents a 7.1% discount to MAN’s closing stock price yesterday, March 21st, of 87.10 euro on Frankfurt’s XETRA. In June 2012, VW increased to 75.03% its share of voting rights in MAN, preparing its strategy for a total domination to be put in place.

In January 2013, VW and MAN said they plan to enter a profit and loss transfer agreement, MAN being the controlled company, in order to develop an integrated commercial group. If the MAN-VW merge will succeed, the German automaker will become the biggest manufacturer of heavy trucks in Europe, surpassing Volvo and Daimler.

Yesterday, March 21st, MAN spokesman said that the company’s board and the management of Truck & Bus, which is VW’s wholly-owned subsidiary, agreed that the profit and loss transfer agreement will offer a cash compensation of 80.89 euro per share to the minority shareholders of MAN. The shareholders who will reject the offer, will get a guaranteed annual dividend of 3.07 euro per share.

by Ana Cezara Savin (my Google+) - Friday, March 22nd, 2013 - filed under News, Volkswagen. Image credit: .
Linked In Share
Related Articles
man merge shares vw


Discuss: VW to Buy MAN’s Shares from Minority Shareholders

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

F1 engine makers to meet in Geneva
F1 engine makers to meet in GenevaJan.5 (GMM/Inautonews.com) As ever in formula one, the future is always just around the next bend. On Tuesday, at Bernie ...
Range Rover Sport gets updated by Caractere Exclusive
Range Rover Sport gets updated by Caractere ExclusiveCaractere Exclusive has officially introduced a new aftermarket visual package which is now aimed towards the Range Rover ...
Germany – Volkswagen Polo Lounge Special Edition introduced
Germany – Volkswagen Polo Lounge Special Edition introducedThe homeland of the Volkswagen Polo has recently seen the addition of a new member, the Polo Lounge, which is basically a special ...
Button’s McLaren engineer switches to Williams
Button’s McLaren engineer switches to WilliamsJan.5 (GMM/Inautonews.com) Jenson Button's race engineer at McLaren is moving to Williams. The resurgent Williams team beat not ...
Mazda CX-5 facelift launched in the UK
Mazda CX-5 facelift launched in the UKThe facelifted version of the Mazda CX-5 is now available for order in the United Kingdom as the model goes on sale from 22,295 ...
Interestingly, a new study says the conventional gas engine is close to extinction
Interestingly, a new study says the conventional gas engine is close to extinctionIf you’re a sci-fi fan besides an automotive passionate, you may have noticed a trend: humans tend to be highly imaginative and ...
Preview – Top Gear Season 22 Episode 1
Preview – Top Gear Season 22 Episode 1BBC has released the first details on the new Top Gear Season 22 Episode 1, which will air on the 25th of January, as it has been ...
Recall roundup: GM SUVs for ignition switch issue
Recall roundup: GM SUVs for ignition switch issueGeneral Motors hasn’t gotten over the ignition switch issue and had to announce yet another recall, because of the ignition ...
US: 2015 comes with numerous auto expectations
US: 2015 comes with numerous auto expectationsThe year 2014 has been retired, with numerous good news and maybe even more bad news. So, let’s take a look at what we reckon ...
Ferrari 360 Spider spontaneous combustion
Ferrari 360 Spider spontaneous combustionIf you happen to be a pyromaniac, than we might have found something you enjoy, flames eating up a convertible Italian supercar ...
Recall roundup: Two Porsche Cayennes
Recall roundup: Two Porsche CayennesPorsche has recently issued a recall for no more than two units of the Cayenne, because of some issues with the suspension ...
Report – Obama to visit Ford factory in Wayne
Report – Obama to visit Ford factory in WayneAccording to people with direct knowledge of the president’s trip, Barack Obama is going to visit a Ford Motor plant in Wayne ...
BMW 9-Series might come to rival the Mercedes-Maybach S-Class
BMW 9-Series might come to rival the Mercedes-Maybach S-ClassBMW is believed to plan a rival for the Mercedes-Maybach S-Class, which will come in the shape of the 9-Series flagship ...
US: autonomous and connected cars are the cool asset at the 2015 CES
US: autonomous and connected cars are the cool asset at the 2015 CESThe calendar for auto shows this year, which traditionally sees the first event in Detroit, has been short-circuited in 2015 by ...
[VIDEO] Check out the new Mustang inside the Ford Climate Chamber
[VIDEO] Check out the new Mustang inside the Ford Climate ChamberIn case you have been wondering how new cars are tested over at Ford, the video posted below will give you a pretty good ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

2015 Range Rover Sport Caractere Exclusive tuning 1
Volkswagen Polo Lounge 1
mazda cx-5 facelift 1
top-gear-season-22-1
ferrari 360 spider fire las vegas 1
Kia Soul Red Zone 2.0 Special Edition 1
2016 chevrolet volt 1
ferrari 360 spider fire mexico city 1
2016 mitsubishi lancer render 1
Lamborghini Murcielago SV for sale in the UK 1
cadillac ats new year special 1
2016 skoda superb 1

More automotive from inautonews
Caractere Exclusive has officially introduced a new aftermarket visual package which is now aimed towards the Range Rover Sport. If you happen to have bought the new generation of the Range Rover Sport and you are now looking for something to make it more appealing, than you have probably come to ...
read more
Inautonews Editors Section
US: 2015 comes with numerous auto expectations
US: 2015 comes with numerous auto expectationsThe year 2014 has been retired, with numerous good news and maybe even more bad news. So, let’s take a look at what we reckon is in store for the ...
2015 Ford Mondeo arrives in Romania – short test drive inside
2015 Ford Mondeo arrives in Romania – short test drive insideFord Romania has introduced the fifth generation of the Mondeo in Europe, over a 2-day event which has gotten us, automotive journalists, through all ...
Test Drive: Ford Fiesta ST
Test Drive: Ford Fiesta ST The current generation of the Ford Fiesta ST has been officially presented to the public back in March, 2012, during the Geneva Motor Show, and it ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: GM SUVs for ignition switch issueGeneral Motors hasn’t gotten over the ignition switch issue and had to announce yet another ... Recall roundup: Two Porsche CayennesPorsche has recently issued a recall for no more than two units of the Cayenne, because of some ...
Safety Section