On 21 February 2014, Volkswagen Aktiengesellschaft announced a public takeover offer to the shareholders in Scania to tender all of their shares in Scania to Volkswagen for a cash consideration of SEK 200 per share.
At an extraordinary board meeting in Scania the board of Scania – excluding Martin Winterkorn, Hans Dieter Pötsch, Francisco J. Garcia Sanz, Leif Östling and Ferdinand K. Piëch – has decided to appoint an independent committee, consisting of the board members Åsa Thunman (chairman of the committee), Peter Wallenberg Jr, Peter Abele, Johan Järvklo and Håkan Thurfjell to evaluate the offer and to take such resolutions in relation to the offer as are necessary.
The independent committee will announce its opinion of the offer, including the reasons for the opinion, and valuation opinions – fairness opinions – from independent experts not later than two weeks before the expiry of the acceptance period.
The independent committee has appointed advisers of its own for legal, financial and communication issues.
