Paccar has reportedly denied allegations that the commercial truck maker and owner of the Peterbilt and Kenworth brands is seeking a merger with Germany’s Volkswagen.
On a conference call Tuesday, Paccar Chief Executive Ron Armstrong said “there have been no discussions with Volkswagen.”
Earlier this month, analysts suggested that Paccar could be a significant takeover target and quoted Volkswagen truck operations as seeking a possible acquisition of Paccar. Volkswagen similarly denied such a merger, but one former VW executive had publicly stated that “serious, multiple sources” said a deal could be reached next year.
Full content: Wall Street Journal
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Senate Democrats Urge DOJ Investigation into Alleged Big Oil Collusion
May 30, 2024 by
CPI
ConocoPhillips Acquires Marathon Oil for $22.5 Billion in Major Energy Sector Consolidation
May 29, 2024 by
CPI
Judge Denies Amazon’s Bid to Dismiss FTC Lawsuit Over Prime Membership Practices
May 29, 2024 by
CPI
Germany and France Advocate for Major EU Competition Reform
May 29, 2024 by
CPI
Equifax Accused of Monopolizing Employment Verification Market in New Suit
May 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI