Here's the link ... |  |  |
Expect the best, and accept no substitute. |
Products for your Boxster, Cayman and Carrera. |
 | |
Leor ('09S, North of Boston) - Wednesday, 4 July, 2012, at 5:07:15 pm |
[www.bloomberg.com]
Volkswagen to Purchase Remaining Porsche Stake for $5.6 Billion
By Nicholas Comfort - Jul 4, 2012 4:29 PM ET
Volkswagen AG (VOW) agreed to buy the 50.1 percent stake in the Porsche SE automotive business that it doesn’t already own for 4.46 billion euros ($5.6 billion).
The merger plan allows for a combination of the automotive businesses in August, two years earlier than would have been “economically feasible” under a put-and-call option provided for in a deal reached in 2009, Volkswagen said today in an e- mailed statement.
The original plan to merge VW and Porsche SE holding company was called off in September because of legal tangles. Since then, the companies have been considering alternatives, including buying the rest of Porsche’s automaking operations to fold into VW.
Volkswagen to Purchase Remaining Porsche Stake for $5.6 Billion
By Nicholas Comfort - Jul 4, 2012 4:29 PM ET
Volkswagen AG (VOW) agreed to buy the 50.1 percent stake in the Porsche SE automotive business that it doesn’t already own for 4.46 billion euros ($5.6 billion).
The merger plan allows for a combination of the automotive businesses in August, two years earlier than would have been “economically feasible” under a put-and-call option provided for in a deal reached in 2009, Volkswagen said today in an e- mailed statement.
The original plan to merge VW and Porsche SE holding company was called off in September because of legal tangles. Since then, the companies have been considering alternatives, including buying the rest of Porsche’s automaking operations to fold into VW.
Laz - Wednesday, 4 July, 2012, at 8:05:11 pm |
| Re: All one big "happy" family anyway. Mixster - Wednesday, 4 July, 2012, at 10:17:24 pm |
| Here's the link ... Pedro (Odessa, FL) - Thursday, 5 July, 2012, at 8:10:09 am |
[www.marketwatch.com]
Pedro Bonilla
1998 Boxster 986 - 311,000+ miles: [www.PedrosGarage.com]
PCA National Club Racing Scrutineer - PCA National HPDE Instructor - PCA Technical Committee (Boxster/Cayman)
Racecar spelled backwards is Racecar
"Racing is life. Anything before or after is just waiting" ... Steve McQueen as Michael Delaney in "LeMans"
"If you wait, all that happens is that you get older"... Mario Andretti
"Being second is to be the first of the ones who lose" ... Ayrton Senna
Pedro Bonilla
1998 Boxster 986 - 311,000+ miles: [www.PedrosGarage.com]
PCA National Club Racing Scrutineer - PCA National HPDE Instructor - PCA Technical Committee (Boxster/Cayman)
Racecar spelled backwards is Racecar
"Racing is life. Anything before or after is just waiting" ... Steve McQueen as Michael Delaney in "LeMans"
"If you wait, all that happens is that you get older"... Mario Andretti
"Being second is to be the first of the ones who lose" ... Ayrton Senna
Sorry, only registered users may post in this forum.