According to a Reuters report, a German newspaper quoted German truck maker MAN SE executives as saying that Volkswagen (Volkswagen), which already owns nearly 30% of the company’s shares, may initiate a general offer to MAN SE.
In an article published on Tuesday, the Southern German newspaper stated that the executive, who asked not to be named, said: "They will make an offer for the acquisition."
Ferdinand Piech, chairman of Volkswagen, who is also chairman of MAN, has hinted several times this year that MAN is in the eyes of his acquisition because he is trying to restart the plan to form a three-way truck business alliance with Scania, the Swedish branch.
The three executives of MAN resigned within weeks and have stimulated market speculations about the acquisition.
At 0811 GMT, MAN's stock price rose 2.75% to 54.25 euros, and the official closing price on Monday reported at 52.80 per share, which was up 1.19%. Volkswagen’s share price rose slightly by 0.37% to 81.30.