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ID: 30037
Title: Porsche makes VW bid it hopes market refuses (Reuters)
Description:

Wendelin Wiedeking, CEO of German sports car manufacturer Porsche, presents his company's new sports car 'Cayman S' at the 61st International Car Show in Frankfurt in this September 13, 2005 file picture. German carmaker Porsche said on Saturday, March 24, 2007, that it would make an nil premium offer to buy Volkswagen, Europe's biggest automaker. Picture taken September 13, 2005. (Kai Pfaffenbach/File/Reuters)Reuters - Porsche took advantage on Saturday of a surge in Volkswagen stock to meet a mandatory requirement to offer to buy out all remaining shares at a price few investors are likely to accept.


Category: Business/
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Date Added: March 24, 2007 06:06:58 PM
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