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
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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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
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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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.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
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