Porsche buying VW?...

Started by YO, June 01, 2007, 10:55:05 AM

Print
Go Down Pages1
User actions

YO

June 01, 2007, 10:55:05 AM
anyone know?
BILLIONS AND BILLIONS SERVED
MANY,MANY more to come.

THE POWER OF DREAMS

RACING DOMINATION at the highest level...6 Time F1 Constructors Champion, 5 Time F1 Drivers Champion, 3 Time CART Constructors Champion, 6 Time CART Drivers Champion and two consecutive International Motor Sports Association (IMSA) International Sedan Manufacturers' Championships and three consecutive IMSA International Sedan Drivers' Championships,three consecutive Manufacturers' Championships and three consecutive Drivers' Championships in the prestigious IMSA Camel GTP Lights series  ....current 4 TIME INDY Constructors Champion AND Drivers Champion?10 Time SCCA World Challenge Champions... .Home to the Worlds Greatest Drivers and Riders past, present and future...

SJ_GTI

#1
June 01, 2007, 11:43:36 AM
They upped their stake to a certain level, and then by law they were required to tender an offer for the whole thing. They offerred the absolute minimum amount allowed under the law (which was well below market value of the shares) and not surprisingly, no one took them up on it.

That being said, Porsche now owns what some might consider to be a controlling stake in VW, along with the province of Saxony. I believe the goal is to prevent any foreign automaker from trying to buy VW. Ferdinand Piech is the guy running the show (his family has control of Porsche, and for all intents and purposes they now control VW as well).
Print
Go Up Pages1
User actions