Monday, April 30, 2007

UPDATE 1-Porsche launches lowball VW bid

(Reuters) - Porsche, which is already the largest shareholder in VW, was required to bid for Europe's biggest carmaker after Porsche's voting stake exceeded 30 percent in March, but it has made clear it is not striving for majority control at this stage.

German regulators have approved the offer, which runs until May 29.


Read more at Reuters.com Mergers News

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