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Porsche - VW takeover
According to Automotive News (6/1), Porsche has filed with the EU to takeover VW. I have no info about a price, but according to the two-line article, the EU has until 7/2 to "consider whether the deal should win competition [sic] approval or requires further investigation."
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'08 RX350 (Hers) '84 911 Carrera '83 911SC Cabrio '06 Miata |
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06-01-2007, 08:42 AM
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Gon fix it with me hammer
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that's old news, by german law they had to make an offer after they crossed a certain percentage of ownership of VW, and they did make that offer, well below market price, and it bummed out as expected
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Stijn Vandamme EX911STARGA73EX92477EX94484EX944S8890MPHPINBALLMACHINEAKAEX987C2007 BIMDIESELBMW116D2019 |
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06-01-2007, 08:48 AM
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This appears to be new news. They made a bid back in early May, offering about 10 euros less than VW's then stock price. That bid was, obviously, rejected. That offer expired on 5/29.
http://news.yahoo.com/s/afp/20070511/bs_afp/germanyautocompany
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'08 RX350 (Hers) '84 911 Carrera '83 911SC Cabrio '06 Miata |
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06-01-2007, 08:55 AM
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new news to me..
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To the memory of Warren Hall (Early S Man), 1950 - 2008 www.friendsofwarren.com 1990 964 C4 Cabriolet (current) 1974 911 2.7 Coupe w/sunroof 9114102267 (sold) 1974 914 2.0 (sold) |
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06-01-2007, 01:07 PM
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Quote:
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'08 RX350 (Hers) '84 911 Carrera '83 911SC Cabrio '06 Miata |
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06-01-2007, 01:33 PM
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Gon fix it with me hammer
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Quote:
but you can't do a takeover bid without filing a request for approval in terms of monopoly prevention they did the bid, had to file the approval request had the bid bum out as they wanted, and the request was approved anyway which was just a formality
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Stijn Vandamme EX911STARGA73EX92477EX94484EX944S8890MPHPINBALLMACHINEAKAEX987C2007 BIMDIESELBMW116D2019 |
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06-01-2007, 01:53 PM
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europeans don't play 'monopoly'?? i always liked the 'get out of jail free' card...
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To the memory of Warren Hall (Early S Man), 1950 - 2008 www.friendsofwarren.com 1990 964 C4 Cabriolet (current) 1974 911 2.7 Coupe w/sunroof 9114102267 (sold) 1974 914 2.0 (sold) |
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06-01-2007, 10:54 PM
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Still, I like it. Porsche stock closed at 1796.74 on June 1st, 2007. That's almost double the 52 week low. As a shareholder, this is great news. This is old news to some, and new news to some. But wait until you see what's next. Our symbol is PSEPF. Now, if only we can get that 17th overall Le Mans win.
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JLC collinsgruppe@bellsouth.net |
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06-02-2007, 07:38 AM
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BimForce the Third, Esquire
1974 Porsche 911 2.7
