CEO sees 30 pct chance Porsche merger will fail-paper

Newswire

FRANKFURT, Oct 30 (Reuters) - There is a 30 percent chance investors holding preferred shares in Porsche SE may not be able to swap their stock for equity in cash-rich Volkswagen , the companies' top manager said in comments published in newspaper Automobilwoche. The chief executive of both companies told the German industry newspaper that the probability of a merger under the leadership of VW has diminished as potential legal and tax liabilities have grown in recent months. "The chances ...

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