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#1
03-29-2007, 09:23 PM
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Porsche increases stake in VW
Porsche is driven to buy more VW shares -------------------------------------------------------------------------------- Thursday, March 29th 2007, 4:00 AM -------------------------------------------------------------------------------- Porsche could be parking Volkswagens in its garage soon. The automaker completed its acquisition of more VW shares and now owns nearly a third of the company. That triggered a formal takeover offer under German law to VW shareholders. Porsche had said over the weekend it would acquire another 3.6% stake in a move aimed at shielding Europe's biggest auto-maker from hostile takeovers. Porsche said a buyout was not its intent. Consequently, it offered only the legal minimum $134.70 per Volkswagen share as it had previously announced - well below the $148.14 that the shares brought in stock trading.
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You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist. 
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#3
03-29-2007, 10:49 PM
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Quote:
 it was in today's NYDailynews... lol
__________________
You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist.
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