Scania's Independent Committee To Evaluate Volkswagen's Public Takeover Offer

(RTTNews) - Scania (SVKBY.PK) Sunday said it has appointed an independent committee to evaluate the public takeover offer proposed by Volkswagen Aktiengesellschaft.

Volkswagen's offer calls for Scania shareholders to tender all of their shares to Volkswagen for a cash consideration of 200 Swedish krone per share.

The independent committee, consisting of the board members Asa Thunman, chairman, Peter Wallenberg Jr, Peter Abele, Johan Jarvklo and Hakan Thurfjell, will announce its opinion of the offer, not later than two weeks before the expiry of the acceptance period.