Volvo ends Scania talks, but keeps its 13% stake

Article Abstract:

AB Volvo announced that it has terminated acquisition negotiations with Scania AB. The talks ended because both companies could not reach an agreement on the acquisition price. However, Volvo stated that it would keep its 13% share of Scania, a manufacturer of trucks. Volvo is also hoping that it and Scania can cooperate on certain projects or activities. Volvo even said that negotiations with Scania may resume sometime in the future.

Comment:

Volvo terminates acquisition negotiations with Scania

Motor vehicles and car bodies, Trucks, Motor Vehicle Manufacturing, Truck industry, Scania AB

---

Talk of deal boosts Volvo stock price

Article Abstract:

Reports that Volvo AB is seeking a partner or a buyer for its Volvo Cars unit or for the entire firm fueled a continuing rise in company shares. On January 6, 1999, Volvo shares rose 5.7%. A spokesman for the company would not comment on the reports. Volvo's car division is one of the smallest car manufacturers in the world and the basis of acquisition speculation.

Comment:

Reports of co seeking partner or buyer for Volvo Cars unit or for entire firm continues rise in co's stock value

Automobile industry

---

Volvo president seeks acquisitions, but not trucks

Article Abstract:

Leif Johansson, the president and chief executive officer of AB Volvo, said that the company is seeking acquisitions rather than makers of heavy trucks.

Johansson, Leif

Similar abstracts:

• Abstracts: Colombia talks peace in the long shadow of war. Talk of peace, acts of war. War and peace
• Abstracts: Akzo's net falls 7% but beats estimates. Akzo Nobel posts a 30% profit rise for first-quarter. Akzo likely to post a modest increase in 1999 net profit
• Abstracts: IMF solutions to global woes catch flak in the U.S. U.S., Japan take defense plans on a roadshow to Beijing. IMF tries to `Facilitate' a Kinder Image
• Abstracts: Put an end to menstrual problems. Put an end to menstrual pain. At last: normal periods
• Abstracts: BT, AT&T chiefs explore a trans-Atlantic merger. AT and T to consider possible deals with BT, Nextel

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.