Traton to acquire the remaining stake in MAN for €1bn.

Traton, one of the world's largest commercial vehicle manufacturers, agreed to acquire the remaining stake in MAN, a manufacturer of commercial vehicles and diesel engines, for €1bn. The effectiveness of the merger squeeze-out is still subject to the resolution by the MAN annual general meeting and the registration of the transfer resolution and the merger in the commercial registers at the seats of Traton and MAN.