Scania and Ericsson see shares tumble
TT/The Local · 4 Mar 2008, 19:14
Published: 04 Mar 2008 19:14 GMT+01:00
Despite a positive start, the OMXS index shed 2.2 percent of its value, closing at 308.4 points.
Scania continued to tumble after Monday's major deal. Mats Qviberg, CEO of investment company Öresund, characterized as "objectionable" the fact that not all shareholders in Scania were offered the same price, 200 kronor per share, that Investor received from Volkswagen. Shares in Scania fell by 6.3 percent to 129.25 kronor.
Ericsson's long-suffering shareholders saw the company's stock drop to its lowest point since December 2003. Shares in Ericsson lost 3.1 percent of their value and are now worth just 12.56, a 17.2 percent drop since the beginning of the year.