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Bid for Rest of Saab-Scania AB: One...

From Times Staff and Wire Reports

Bid for Rest of Saab-Scania AB: One of Swedens’ wealthiest families has offered to buy the portion of Saab-Scania AB that it does not already own for nearly $2.3 billion in what would be one of the biggest corporate deals in Sweden. The Wallenberg family already controls about 58% of the aerospace, truck and automobile group. Acting through family-controlled investment groups, Peter Wallenberg made a bid worth about $2.28 billion (12.8 billion kronor) for the rest of the company. Saab-Scania said it would recommend that shareholders accept the bid.


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