VW/Porsche merger developments
Posted: Mon Jan 23, 2012 8:39 amhttp://www.nytimes.com/reuters/2012/01/22/business/22reuters-porsche-volkswagen.html?_r=2&hp
Volkswagen is considering how to acquire the remaining 50.1 percent of Porsche SE's sports car business prior to November, when put-call options first foresee a deal, Dow Jones Newswires reported on Sunday....
According to disclosures from Volkswagen, Porsche SE has a put option to sell its 50.1 percent exercisable from November 15, while Volkswagen can exercise its call option between March and April of next year.
A spokesman for Volkswagen said on Sunday the company was closely examining other possible methods apart from the put-call options that would allow for an integration of Porsche within VW as soon as possible, but declined to comment on specifics.
