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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Volkswagen AG | TG:VOW | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.80 | 0.60% | 133.40 | 132.90 | 133.80 | 134.00 | 132.40 | 133.10 | 4,290 | 22:50:02 |
From May 2021 to May 2024
By Giulia Petroni
Traton SE said Saturday that it is prepared to pay 70.68 euros ($85.96) a share to squeeze out minority shareholders of truck-and-bus manufacturer MAN SE.
The Volkswagen AG-subsidiary said the request has been submitted to MAN's executive board and the offer is being reviewed by a court-appointed auditor. MAN shares closed at EUR55.50 on Friday.
Traton currently owns 94.36% of MAN's share capital.
The merger agreement is set to conclude on May 14. MAN's annual general meeting, which is to adopt a resolution to transfer the shares held by minority shareholders to Traton, is scheduled to take place on June 29.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
May 10, 2021 01:39 ET (05:39 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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