Porsche Made a Formal Takeover Bid For Volkswagen

Not that they were all that interested in buying the German automaker in the first place. By upping their stake in Volkswagen to over 30%, Porsche was legally obligated to make a formal takeover bid and so they did. Most companies that want to buy out another usually offer a stock buyout price that is equal to or greater than the actual market value.


By contrast, while the VW stock is currently trading at around 112 Euros, the people at Porsche only brought a 101 Euro offer to the table. Naturally, the Volkswagen shareholders unanimously rejected the offer and life moved on. In this way, we can be pretty certain that Porsche didn't want to buy VW in the first place, not that they had anything to complain about: Last year, they earned a cool $2.75 billion "due mostly to their partial ownership of Volkswagen."


Written by Jeff Strickler
Published in Automobiles