Alecta and several minority owners reject Volkswagen offer for Scania AB-Reuters

Wednesday, 23 Apr 2014 02:09am EDT 

Scania AB:Alecta has chosen not to accept the 200 per share offer for the outstanding stock in Scania made by Volkswagen-Reuters.In Alecta opinion the price does not reflect the fundamental value of the truck maker.As per March 31 Alecta's holding in Scania was about 2 percent.The decision by Alecta and several other minority owners to reject the offer leaves in doubt whether VW will secure the 90 percent acceptance it has set to complete the bid. 

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