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VW rejects Porsche takeover bid »

Posted by: TechnologyExpert 2 years, 6 months ago

Management at Volkswagen, Europe's biggest car maker, Friday said it had unanimously rejected a takeover offer from German luxury sports car maker Porsche. VW said in a statement following a special session of its supervisory board that management was convinced that "the value of Volkswagen shares is superior to the price offered."

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