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To: bruinbirdman

It is a very negative article on Porsche..Try this one.

http://www.economist.com/business/displaystory.cfm?story_id=13649071

After reaching an agreement on May 6th to call off Porsche’s improbable attempt to take over VW, a company 15 times its size, the Porsche and Piëch families, who control 100% of the voting stock in Porsche Automobil Holding, gave themselves four weeks to hammer out the terms and structure of a merger between the two firms. But Mr Piëch, who personally owns 10% of Porsche, has now made it quite clear that it is he and VW that are in the driving seat and not, as seemed likely only a few months ago, his cousin, Wolfgang Porsche, or Mr Wiedeking. The final shape of the merged group has yet to be fixed, but Mr Piëch dropped some pretty broad hints.


4 posted on 05/25/2009 5:27:57 PM PDT by GSP.FAN
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To: GSP.FAN
to call off Porsche’s improbable attempt to take over VW, a company 15 times its size, the

Typical Germans. My male Daschund fell in love with the neighbor's Labrador .....

8 posted on 05/25/2009 5:32:47 PM PDT by investigateworld ( Abortion stops a beating heart.)
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To: GSP.FAN
See: Hedge funds hit as Porsche moves on VW and Editorial: How Porsche NSFWed the Hedge Funds for how the hedge funds (much to clever for their own good) took a real bath courtesy of Porche.

From the latter link:
"So you thought Porsche financed the VW takeover by foisting overpriced floormats and trucks on their well-heeled buyers? Yesterday’s issue of Die Welt, Germany’s conservative newspaper, thinks different. They undug the dirt on Porsche’s takeover-machinations of Volkswagen. It’s a story that makes Cerberus look like a frisky puppy. It’s an account that makes banks and hedge funds look like morons....."

46 posted on 05/25/2009 7:10:19 PM PDT by dickmc
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