Wednesday, May 6, 2009

The Porsche Drama Comes Full Circle

A report out of Reuters will be cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 final nail in all those shareholders who got caught with cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365ir pants down when Porsche announced its intention to "dominate" Volkswagen, which caused a insane squeeze when it became obvious cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365re were not enough shares in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 float to cover all cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 shorts.

Well, turns out all that was for nothing, and due to cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 massive capital crunch at both companies, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 likely outcome now is that it was all total posturing, as was widely expected by all hedge funds, and cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 likely outcome is eicá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r a merger of equals or cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 two companies soon going cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365ir jolly separate ways.

(LON) Porsche drops goal of dominating VW - sources
May 6, 2009 - Porsche Automobil Holding SE has abandoned its target of reaching a 75 percent majority holding in Volkswagen AG, sources familiar with cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 matter told Reuters on Wednesday.

Porsche said in early January it controls about 51 percent of Volkswagen's voting shares and has repeatedly said it wants to raise its stake to 75 percent this year should economic conditions allow.

"Porsche needs a different solution," said one person familiar with cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 discussions.
Porsche had no comment. Its controlling shareholders were meeting on Wednesday to discuss how to handle cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 9 billion euros ($11.98 billion) in net debt it built up for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 takeover.
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