Linklaters, Clifford Chance (CC) and Allen & Overy (A&O) have landed roles on Volkswagen's potential $19bn (£11.5bn) takeover of German truck and bus manufacturer MAN, reports The Am Law Daily. Volkswagen has increased its stake in MAN from 29.9% to 30.47%, and under German takeover law, this requires Volkswagen to make a mandatory offer for the remaining shares of MAN it does not already own.
May 11, 2011 at 05:54 AM
1 minute read
The original version of this story was published on Legalweek
Linklaters, Clifford Chance (CC) and Allen & Overy (A&O) have landed roles on Volkswagen’s potential $19bn (£11.5bn) takeover of German truck and bus manufacturer MAN, reports The Am Law Daily.
Volkswagen has increased its stake in MAN from 29.9% to 30.47%, and under German takeover law, this requires it to make a mandatory offer for the remaining shares it does not already own.
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