The Independent Committee of the Scania Board of Directors (the “Committee”) has commenced its work. The Committee has appointed advisors to assist on the work going forward. The Committee will make a thorough analysis and thereafter announce its opinion on the offer. The Committee recommends all shareholders not to take a final decision until all relevant information is available. Deutsche Bank and Morgan Stanley have been retained as financial advisors to the Committee. Mannheimer Swartling has been retained as legal advisor and JKL as communication advisor. “The mandate of the Committee is to take all actions and responsibilities that the Board of Directors would normally take in regards to a public offer and to act in the best interest of all shareholders in Scania“, says Åsa Thunman, Chairman of the Committee. “The Committee will now assess the information that is included in the offer. It has noted that Volkswagen does not foresee any significant changes with regards to Scania and that Scania’s headquarters and its development centers will remain where they are today. These matters are of course of importance to the company and for Sweden”, says Peter Wallenberg Jr. “The work of the Committee is very important. I have delegated some of my duties as a union representative in order to fulfill my duties as a board member”, says Johan Järvklo. The work of the Committee is at this point at an early stage and the Committee will of course take into account additional key information including the offer document. There are no dates set for further communication or publication of information from the Committee. As previously announced, the Independent Committee consists of the following Board Members: Åsa Thunman (chairman), Peter Wallenberg Jr, Peter Abele, Johan Järvklo and Håkan Thurfjell. Spokesperson for the Committee is the Chairman Åsa Thunman. For further information, please call the Committee’s press contact, tel +46 729 299 450. The information set out in this press release is announced in accordance with the Swedish Securities Market Act. The information was submitted for publication on 25 February 2014, 07:30 CET. Scania is one of the world’s leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. Service-related products account for a growing proportion of the company’s operations, assuring Scania customers of cost-effective transport solutions and maximum uptime Scania also offers financial services. Employing some 41,000 people, the company operates in about 100 countries. Research and development activities are concentrated in Sweden, while production takes place in Europe and South America, with facilities for global interchange of both components and complete vehicles. In 2013, net sales totalled SEK 86.8 billion and net income amounted to SEK 6.2 billion. Scania press releases are available on www.scania.com (http://www.scania.com/se)
Initial statement from the Independent Committee The
Top 10 Most Recent News Articles
ALINA Residences Celebrates Luxury VERIFIED™ Status Award
ALINA Residences: A New Victory in Luxury Living ALINA Residences, located in the heart of Boca Raton, recently snagged the spotlight with its shiny new VERIFIED™ Luxury Residences plaque from Forbes Travel Guide. To most, it might just seem like a piece of metal, but in the world of upscale living, this is a badge of honor. Celebrating Commitment to Service Excellence...
Continue Reading
STARMUS VIII Merges Science and Art for Change
STARMUS VIII: Where Science and Art Collide Think about this: you're basking in the Canary Islands' sun, surrounded by Nobel laureates and astronauts while the riffs of Queen's Sir Brian May soar in the air. That's exactly what went down at STARMUS VIII, a week-long celebration of science and art held in Tenerife and La Palma from October 17 to 22, 2026. A jamboree of...
Continue Reading
MacGregor Revamps Fleet for Wallenius Wilhelmsen Deal
MacGregor's Big Move: Retrofitting 35 Vessels I'll tell you something right off the bat—the maritime industry's always got some sea changes brewing, but this latest one’s a real head-turner. MacGregor, those wizards of heavy machinery, have sealed a deal to retrofit 35 ships for Wallenius Wilhelmsen. We’re talking a serious overhaul here, folks, with programmable...
Continue Reading
Home Selling in Henderson County: Tips from Experts
An Insider's View on Selling Homes in Henderson County Ace up, folks—selling a home isn't child's play. Courtney Robertson, a seasoned real estate expert, lays out the bare truth about what sellers need to know when putting their property on the market in Henderson County, Texas. This isn’t just about slapping on paint and praying for buyers. Nope, there's a lot more...
Continue Reading
Goranson Bain Ausley: A Legal Powerhouse in Texas
GBA's Stellar Workplace Culture In the wild world of law firms, snagging a spot on the Dallas Business Journal's Best Places to Work for 2026 is no small feat. Goranson Bain Ausley (GBA) managed to do just that, securing the No. 6 spot amongst medium-sized firms. And get this: it wasn't the ping-pong tables or free snacks that got them there, but a robust culture steeped...
Continue Reading
Investigations Target PAG, BRBS, PSNL for Fair Shareholder Deals
Unpacking the Shareholder's Dilemma in Major Transactions Alright, folks, let's dig into this mess with our favorite Wall Street magnifying glass. We've got Penske Automotive Group (NYSE: PAG), Blue Ridge Bankshares (NYSE: BRBS), and Personalis, Inc. (NASDAQ: PSNL) under the spotlight, each locking themselves into deals that might not exactly scream 'fair play' for the...
Continue Reading
Endava's Securities Class Action Heats Up Wall Street
A Head-Spinning Fall for Endava Endava's recent tumble on the NYSE has investors rubbing their eyes in disbelief. A jaw-dropping 25% slide in share value on September 22, 2026, has everyone scrambling for answers. Looks like some serious skeletons were hiding deep in Endava's closets—management snafus and fuzzy accounting being at the forefront. This debacle has peeled...
Continue Reading
KLC's TTV Solutions Power Up AI and EV Innovation
Thermal Management: The Unsung Hero When it comes to pushing the boundaries of AI and electric vehicles (EVs), it's the behind-the-scenes tech that counts. KLC Corporation of Taiwan throws the spotlight on their Thermal Test Vehicle (TTV) solutions, proving that heat management isn't just a necessary evil—it's a competitive advantage. KLC's Role in the Semiconductor...
Continue Reading
Navigating Hail Damage Insurance Claims as a Homeowner
Scrutinizing Hail Damage for Clarity Hailstorms can be nature's way of throwing a curveball at homeowners, especially when you least expect it. You might look out the window, see some roof shingles on the lawn, and think, 'Well, that's just great.' The aftermath of a hailstorm can be daunting and disconcerting, but having a game plan can shift things in your favor. Let's...
Continue Reading
BCD Travel Faces Class Action Probe After Data Breach
Class Action Stirred by BCD Travel Data Breach Here's the scoop, folks: Edelson Lechtzin LLP, a heavyweight in the world of class action law firms, is sniffing around BCD Travel Services B.V. over a juicy data breach that left about 700,000 traveler records flapping in the wind. Grab your coffee—this one's got all the trimmings of a modern-day digital fiasco. The Breach...
Continue ReadingTop 5 Most Recently Viewed Articles
Azazie Unveils Groundbreaking Suit Collection for Weddings
Azazie Launches Innovative Suit Collection for Grooms Affordable. Inclusive. Designed for Modern Weddings. Azazie, a leading direct-to-consumer brand specializing in bridal and occasion wear, has made an exciting expansion by launching its first-ever Suit Collection. This new collection caters to grooms, groomsmen, and wedding parties everywhere, offering stylish,...
Continue Reading
Growing Demand for Identity Analytics to Reach USD 12.86 Billion
Identity Analytics Market Overview The Identity Analytics Market is positioned for remarkable growth, projected to escalate from USD 1.90 billion in 2024 to an impressive USD 12.86 billion by 2032. This expansion represents a robust compound annual growth rate (CAGR) of 27.03% between 2025 and 2032. The surge is primarily driven by the increasing number of cyber threats...
Continue Reading
NICE Unveils Groundbreaking CXone Mpower SmartSpeak Solution
NICE Introduces CXone Mpower SmartSpeak for Global Communication NICE has recently announced the launch of its innovative AI-powered solution, CXone Mpower SmartSpeak. This cutting-edge technology is developed to eliminate language barriers, facilitating seamless and efficient global communication for businesses. The goal is to provide both customers and employees with an...
Continue Reading
Nilfisk Strengthens Leadership with Executive Management Changes
Leadership Transitions at Nilfisk In a significant shift within its Executive Management team, Nilfisk Holding A/S has announced changes aimed at strengthening its leadership framework. Chief Financial Officer Reinhard Mayer will step down on mutual agreement, paving the way for new leadership. Reinhard Mayer's Legacy Reinhard Mayer has played an instrumental role during...
Continue Reading
Edgewell Personal Care's 2024 Results and 2025 Growth Strategy
Edgewell Personal Care Reports Strong Fiscal 2024 Performance Edgewell Personal Care Company (NYSE: EPC) has recently released its financial results for fiscal year 2024, highlighting a resilient performance amidst market challenges. The company reported net sales of $2,253.7 million, reflecting a slight increase of 0.1% compared to the previous year. The quarter ending...
Continue Reading