- Proposal to commence negotiations on a merger agreement served on MAN SE by the Executive Board of TRATON SE
- Formal request sent to MAN SE to initiate proceedings for the execution of a squeeze-out process in accordance with merger law
- Appropriate cash settlement for MAN SE shareholders
- Customers and shareholders of TRATON SE to benefit from simplified overall Group structure
TRATON seeking to execute a squeeze-out of the non-controlling shareholders of MAN SE in accordance with merger law
Commercial vehicle producer TRATON SE (TRATON) intends to merge MAN SE (MAN) with TRATON in order to simplify the TRATON GROUP’s overall structure. In connection with this merger, TRATON plans to execute the procedure for transferring the shares held by the non-controlling shareholders of MAN to TRATON in consideration of payment of an appropriate cash settlement (squeeze-out in accordance with merger law). Consequently, the Executive Board of TRATON has today served on the Executive Board of MAN a proposal to commence negotiations for a merger agreement as well as a formal request to initiate proceedings for the execution of a squeeze-out in accordance with merger law.