Thursday, November 30, 2006
Porsche denies VW takeover
PORSCHE AG has denied trader speculation that it plans to team up with a financial investor to make a full takeover bid for VW.
Earlier this month, Porsche announced that it had increased its stake in VW to 27.4%. It said it intended to take it to 29.9% just below the 30% level that would force it to make a full takeover offer.
DATED: 30.11.06
FEED: AW
Earlier this month, Porsche announced that it had increased its stake in VW to 27.4%. It said it intended to take it to 29.9% just below the 30% level that would force it to make a full takeover offer.
DATED: 30.11.06
FEED: AW
