DJ MARKET TALK: Scania Down As MAN Deal Expectations Shift

11/08/06 - Dow Jones Newswires

1123 GMT [Dow Jones] Scania (SCV-B.SK) -2.3% at SEK482.50 as the resignation of Volkswagen's (VOW.XE) CEO, and, to a lesser degree, Investor AB's (INVE-B.SK) Scania share purchases, raise expectations about a possible counter bid by Scania for MAN (MAN.XE), says one analyst. Says there is a great deal of uncertainty about which company will buy which company, and calls both Scania's and MAN's share prices inflated. MAN +0.1% at EUR72.92. (MAK)

 
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(END) Dow Jones Newswires

November 08, 2006 06:23 ET (11:23 GMT)

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