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Independent Committee of Scania Board recommends shareholders not to accept Volkswagen offer


Tuesday, 18 Mar 2014 02:00am EDT 

Scania AB:Says Independent Committee of the Scania Board of Directors recommends Scania shareholders not to accept tender offer made by Volkswagen Group.The Committee believes the offer does not reflect the long-term fundamental value of Scania and a fair share of the expected synergy potential.Volkswagen Group announced its tender offer for shares in Scania on Feb. 21. 

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