BERLIN—Volkswagen AG largest shareholder, Porsche Automobil Holding SE said it would acquire 25% plus one additional share of the voting stock in Porsche AG when VW lists the sports-car brand, which could happen by the end of the month, the companies said on Saturday.
VW, Europe’s biggest auto maker by sales, said the companies’ boards would meet on Monday to discuss the private placement of common stock and whether to move forward with an initial public offering of 25% of Porsche’s nonvoting preferred shares. If approved, Porsche shares could begin trading at the end of the month or in early October, VW said.
Source: finance.yahoo.com
Related posts:
3 “Strong Buy” Stocks Trading at Rock-Bottom Prices
Upstart stock plunges again after admitting it won’t hit disappointing forecast
2 Ultra-High-Yield Dividend Stocks Are Near 52-Week Lows. Is It Time to Buy the Dips?
This Is The Legal Way to Avoid Paying Sales Tax on a Used Car
Billionaires Bill Gates and Warren Buffett Both Own This Stock -- and It's Trounced the S&P 500 ...