MAN SE Says Invesco Holds Less Than 3% Stake, Not 10.42%
October 07 2009 - 10:24AM
Dow Jones News
MAN SE (MAN.XE) said Wednesday that Invesco AIM Management Group
Inc. (IVZ) has corrected a statement made last week on the stake it
amassed in the German truck maker and engineering group, adding
that the U.S. investment firm's stake was actually less than 3% and
not 10.4% as announced Sept. 30.
"The voting rights announcements were incorrect and resulted
from ... a calculation error (at Invesco)," MAN said in a
statement.
A spokesman for MAN said the company isn't responsible for the
incorrect statement.
Invesco wasn't immediately available for comment.
The initial announcement suggested that Invesco had become MAN's
second-largest shareholder after Volkswagen AG (VOW.XE), which
holds a stake of 29.9%. The announcement sparked market speculation
that Invesco could help Volkswagen prepare a takeover of MAN.
Company Web site: www.man.eu
-By Christoph Rauwald, Dow Jones Newswires; +49 69 29 725 512;
christoph.rauwald@dowjones.com