Monday, April 30, 2007
Porsche cleared for VW take-over bid
GERMAN CAR-maker, Porsche, has been given official approval from German financial authorities to launch a take-over offer for Volkswagen.
Porsche will offer 100.92 euros for each Volkswagen ordinary share and 65.54 euros per preference share.
Both prices are below the current market price and it is expected that few VW shareholders will accept.
DATED: 30.04.07
FEED: AW
Porsche will offer 100.92 euros for each Volkswagen ordinary share and 65.54 euros per preference share.
Both prices are below the current market price and it is expected that few VW shareholders will accept.
DATED: 30.04.07
FEED: AW
