{"id":5158,"date":"2006-10-17T00:00:00","date_gmt":"2006-10-17T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-involved-in-scania-man-takeover","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2006\/hedge-funds-involved-in-scania-man-takeover.html","title":{"rendered":"Hedge Funds Involved in Scania\/MAN Takeover"},"content":{"rendered":"<div class=\"writeboardbody\">  HedgeCo.Net (New York) &#8211; The Frankfurter Allgemeine Sonntagszeitung reported that several large hedge funds are buying shares in <span class=\"caps\">MAN AG<\/span> and Scania. Not saying who these  hedge funds are, the Frankfurter reports they may now have over 15% of Scania shares. The newspaper also said that hedge funds own a significantly smaller amount of <span class=\"caps\">MAN<\/span>\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s  shares, without giving a specific percentage.  <\/p>\n<p>    These numbers may play a role in the decisions made with the 18.7 pct stake in Scania owned by that Volkswagen AG, which is comparable to the hedge fund shares. VW said it would only offer that    holding to <span class=\"caps\">MAN<\/span> if the latter\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s bid draws commitments from holders of at least 71.3% of Scania\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s shares.  <\/p>\n<p>    Truck maker Scania AB, however is fighting the $12.9 billion bid from rival <span class=\"caps\">MAN AG<\/span>, saying they would pay extra dividend on their shares this year. This special    dividend, worth a total of $949 million, makes it more attractive for shareholders to hold on to Scania shares and may force <span class=\"caps\">MAN<\/span> to increase its bid for a second time,    analysts say.  <\/p>\n<p>    Volkswagen, the largest shareholder of both <span class=\"caps\">MAN<\/span> and Scania, wants the two companies to treat the deal as a merger rather than a takeover, asking <span class=    \"caps\">MAN<\/span> and Scania to negotiate following <span class=\"caps\">MAN<\/span>\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s $10.3bn hostile bid for Scania.  <\/p>\n<p align=\"left\">    Alex Akesson<br \/>    Contributing Writer<br \/>    HedgeCo.Net<br \/>    Email: <a href=\"mailto:Editor@hedgeco.net\">Editor@hedgeco.net<\/a>   <\/p>\n<div align=\"left\">\n<p align=\"left\">      HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge      Funds!    <\/p>\n<div align=\"left\">\n<p align=\"left\">        <strong>Be sure to check out our sister sites. <a href=\"http:\/\/www.hedgefundlounge.com\/\">www.hedgefundlounge.com<\/a>, <a href=        \"http:\/\/www.hedgefundtools.com\/\">www.hedgefundtools.com,<\/a><\/strong> and <a href=\"http:\/\/www.hedgefundemployment.com\/\"><strong>www.hedgefundemployment.com.<\/strong><\/a>      <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>HedgeCo.Net (New York) &#8211; The Frankfurter Allgemeine Sonntagszeitung reported that several large hedge funds are buying shares in MAN AG and Scania. Not saying who these hedge funds are, the Frankfurter reports they may now have over 15% of Scania [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5158","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5158"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5158\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}