FRANKFURT, Oct 5 (Reuters) - Shares in Volkswagen (VOWG.DE) and heavy machinery company MAN SE (MANG.DE) extfinish ed gains on Monday amid label et talk VW might create a bid for MAN and increase its 29.9 percent shold to majority control, traders said.
A Volkswagen spokesman decline to comment on the speculation.
MAN was not immediately available for comment.
At 0935 GMT, ordinary shares in VW were 4.3 percent higher at 114.10 euros, making them the top gainers among German blue chips .GDAXI, which were up 0.15 percent.
MAN shares added 3.5 percent to 55.57 euros, making them the second-strongest gainers on the index.
VW's non-vote carrying preference shares (VOWG_p.DE) were 0.92 percent higher at 75.290 euros.
"The rumour is aid ing MAN shares as it is simple hold over talk. The price of 65 euros per share is, however, not a huge premium and the talk might also be supporting VW shares as investors see it as acquire ting a recede od deal for VW and increasing its vehicle offerings," notify s a Frankfurt-based trader.
(Reporting by Tyler Sitte in Frankfurt, Jan Schwartz in Hamburg, and Irene Preisinger in Munich)
((tyler.sitte@thomsonreuters.com, Reuters Messaging: tyler.sitte.thomsonreuters.com@reuters.net; +49 69 7565 1207)) Keywords: VW/MAN
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