China?s Pang Da, Youngman offer to takeover Saab, Swedish Automobile turns down offer

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China?s Zhejiang Youngman Lotus Automobile Co and Pang Da Automobile Trade Co, two companies that have signed a non-binding memorandum of understanding to take a 53.9 percent stake in Swedish Automobile, have offered to takeover Saab completely.
Swedish Automobile said that the two Chinese companies have made an offer to directly purchase shares in Saab. The company declined the offer and asked Youngman and Pang Da to confirm that they want to fulfill the original agreement.
?That confirmati?

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Source: http://bestcarever.com/83392/news/china%E2%80%99s-pang-da-youngman-offer-to-takeover-saab-swedish-automobile-turns-down-offer.auto

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