DJ MARKET TALK: MAN AG's Latest Twist Causes Shrs To Skid

11/06/06 - Dow Jones Newswires

0810 GMT [Dow Jones] MAN shares -0.6% at EUR70.26, slipping after a press report suggesting Volkswagen (VOW.XE) is considering buying a 10% stake in the company. If MAN buys stake in VW in addition to bidding for Scania (SCV-A.SK), there's the risk that it could become financially overwhelmed, a trader says. Investors probably don't see MAN's motives for increasing the complexity of the situation as justified, he adds. Volkswagen shares +1.4% at EUR80.13. (HAD)

 
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(END) Dow Jones Newswires

November 06, 2006 03:10 ET (08:10 GMT)

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