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• More Bidders Interested in Porsche

  ReutersUK - 2009-07-04

  FRANKFURT (Reuters UK) - Three more bidders are interested in taking a stake in German sports car maker Porsche, rivalling investment plans by Qatar, German magazine Focus reported on Saturday.In an advance release of remarks due to be published on Monday, Focus said without citing sources that a Chinese and...

  Tags: Porsche AG, Oukbs, VW

• More Bidders Interested in Porsche Stake: Report

  Reuters - 2009-07-04

  FRANKFURT (Reuters) - Three more bidders are interested in taking a stake in German sports car maker Porsche, rivaling investment plans by Qatar, German magazine Focus reported on Saturday.In an advance release of remarks due to be published on Monday, Focus said without citing sources that a Chinese and a...

  Tags: Porsche AG, Us, VW

• Porsche Denied State Aid Request

  AAP - 2009-07-01

  Porsche has suffered a fresh blow as Germany rejected a request for a multi-billion-euro state loan to relieve financial pressure created by the company's failed attempt to take over Volkswagen.The request for a 1.75 billion euros ($A3.05 billion) loan from the state-owned bank KfW had been rejected, Porsche said...

  Tags: Porsche AG, VW, Manufacturing, Financing Startups, Finance, AFP

• Porsche Rejects VW Merger Offer

  AAP - 2009-06-30

  Porsche, the heavily indebted maker of German luxury sports cars, has rejected a merger offer by Volkswagen, Europe's biggest car maker."There is an offer by Volkswagen. For us it is not a practical way," a Porsche spokesman told AFP on Monday.In the event of a merger, a credit worth...

  Tags: Porsche AG, Merger, VW, Mergers & Acquisitions, Investment, Finance, AFP

• Porsche lashes out over VW attempt at merger 'ultimatum'

  Financial Times - 2009-06-28

  The power struggle over Porsche re-ignited yesterday when the chairman of the German sports carmaker accused Volkswagen of attempting to blackmail it into accepting a reworked merger plan.Wolfgang Porsche, chairman of the debt-ridden company, strongly rejected a deadline of today that he claimed Volkswagen had imposed on Porsche to...

  Tags: Porsche AG, Merger, VW, Company News, Crimes, General News, Mergers & Acquisitions, Financial Times

• Porsche Rejects Ultimatum For Merger

  AAP - 2009-06-28

  German sports car maker Porsche rejected on Saturday an "ultimatum" issued by rival Volkswagen to accept by Monday a proposal for cross-ownership leading eventually to a merger.However, Wolfgang Porsche, head of the company's supervisory board, said he was willing to discuss the proposal in private "and not in newspaper...

  Tags: Porsche AG, Merger, Corporate Governance, Government, Business Operations, Corporate Law, AFP

• VW Denies Having Issued Ultimatum to Porsche

  Reuters - 2009-06-28

  FRANKFURT (Reuters) - Volkswagen VOWG said it had not presented Porsche (PSHG_p) with an ultimatum to accept its layout for a merger of the two carmakers, denying a media report and accusations from Porsche."There is no ultimatum," a VW spokesman told Reuters on Sunday. He would not comment further.Porsche on...

  Tags: Porsche AG, VW, Ultimatum, Manufacturing, Us, Volkswagen

• Porsche Fumes at VW, Lower Saxony "extortion"

  Reuters - 2009-06-27

  FRANKFURT (Reuters) - Porsche (PSHG_p) accused Volkswagen VOWG and its key shareholder Lower Saxony of extortion following a magazine report that VW and the regional state had demanded Porsche accept a tie-up of the two carmakers with VW in charge.Der Spiegel magazine reported in its online edition on Saturday, that...

  Tags: Porsche AG, VW, Financial Accounting, Finance, Us

• VW Gives Porsche Ultimatum

  ReutersUK - 2009-06-27

  FRANKFURT (Reuters UK) - Volkswagen VOWG and its key shareholder, the state of Lower Saxony, have confronted Porsche (PSHG_p) with an ultimatum to accept a tie-up of the two carmakers under VW's tutelage or else face more severe financial turmoil, Web site Spiegel online reported.Porsche Chief Executive Wendelin Wiedeking and...

  Tags: Porsche AG, VW, Financial Accounting, Stock Options, Investment, Finance, Human Resources, Qatar

• Flight to safety boosts pharma

  Financial Times - 2009-06-23

  Trading was mixed in Europe yesterday as investors bought into defensive stocks after markets hit a two-month low in the previous session.In early trading, the FTSE Eurofirst 300 fell to 830.77, pushing the panEuropean index into negative territory for 2009, but it later recovered somewhat to close down 0.4...

  Tags: Bank, Porsche AG, Pharmaceutical Company, FTSE, 7.70.Denmark, Food & Beverage, Financial Services, Manufacturing, Market News, Market Reports, Financial Times