FRANKFURT, Germany, Sept. 13 (UPI) -- German truck maker MAN reportedly will offer to buy Swedish rival Scania, the Financial Times reported Wednesday.
Scania said Tuesday in a statement that it had "reasonable grounds to assume" that MAN would bid.
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The German company has approached Volkswagen, Scania's biggest shareholder, about plans to buy the Swedish company, which is expected to fetch something more than $10 billion.