Reports: Porsche preparing for 51 percent VW takeover

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After months of on-again, off-again rumors, Porsche is finally preparing to announce a 51 percent takeover bid for Volkswagen, two leading German financial publications have reported.According to Germany's Der Spiegel magazine, Volkswagen is already buy options that will enable it to acquire additional shares at a predetermined price.It's not known exactly how high Porsche's stake [...]

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