Scania May Boost Shareholder Payouts by $2.5 Billion

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wedish truck maker Scania said it may return up to 17 billion kroner, or about $2.5 billion, to its investors in an effort to persuade shareholders not to turn their stock over to German rival MAN AG, Bloomberg reported Monday.

Scania said it can return 50 kroner or about $7.26 a share to investors next year, in addition to the 35 kroner or $5.08 a share in 2006, Bloomberg reported.

Earlier in November, MAN’s hostile takeover bid for Scania became official, as the German company announced it would give Scania shareholders until Dec. 11 to tender their shares for about $67.26 each. (Click here for previous coverage.)