By Giulia Petroni


Traton SE said Saturday that it is prepared to pay 70.68 euros ($85.96) a share to squeeze out minority shareholders of truck-and-bus manufacturer MAN SE.

The Volkswagen AG-subsidiary said the request has been submitted to MAN's executive board and the offer is being reviewed by a court-appointed auditor. MAN shares closed at EUR55.50 on Friday.

Traton currently owns 94.36% of MAN's share capital.

The merger agreement is set to conclude on May 14. MAN's annual general meeting, which is to adopt a resolution to transfer the shares held by minority shareholders to Traton, is scheduled to take place on June 29.


Write to Giulia Petroni at


(END) Dow Jones Newswires

May 10, 2021 01:39 ET (05:39 GMT)

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