BERLIN - Porsche shareholders are poised to agree on a euro5 billion (US$6.5 billion) stock sale aimed at raising funds for a merger between the sportscar manufacturer and Germany's largest automaker Volkswagen AG. Spokesmen for two leading groups of Porsche shareholders that gathered Tuesday in Stuttgart said their members would agree to the move. It is aimed at ridding Porsche of debts accumulated in its own failed 2009 attempt to take over Volkswagen. Porsche's chief financial officer says the action should be completed by the end of August 2011. A pending lawsuit in the U.S. and possible legal proceedings in Germany could delay it. Porsche earned euro7.8 billion (US$10.1 billion) in revenue for the year ending July 31 and sold 82,000 cars.
Discussion summary
YOUR RESEARCHWant to invest in Porsche?
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1 matching discussions · 14 captured posts examined · 0 partial discussions
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14 eligible posts · 0 unverified posts · 1 discussions match the subject in their title or opening post.
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wish I had $6.5 billion to invest
you and me both Ed!! Here's to dreaming! Pete
You might, if you ever sell all your Porsche parts that don't fit...
let me see... Now add up all the shoe boxes full of cash and I can pick up.... Nope no shares
I'm investing all I can afford in Porsche already. (grin)
Mikey. me likey your car, sweet color!!
Quotes source post: 8095830
Love that color! Zenith Blue, right?
Quotes source post: 8095561
ASP (Average Sales Price) = $123,170usd per unit. Sweet!
Group Buy @ 5.5b?
Quotes source post: 8100182
LEts do it.
I might have a few extra shoe boxes of cash that let me in...!
Hard to believe average cost per vehicle is over $123K. Or maybe we haven't been told the hottest selling Euro model was the '10 Carrera GT @ 550K Euros. Check my post count!
Quotes source post: 8100340
US has the cheapest car pricing. Perhaps this sell price includes import duties and taxes...
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