Porsche CEO sees few takers for tender bid-paper

Newswire

FRANKFURT, March 27 (Reuters) - Porsche Chief Executive Wendelin Wiedeking is not counting on many investors in Volkswagen accepting his low-ball takeover bid for Europe's largest car maker, he told a Swiss newspaper. "We do not expect many Volkswagen shares will be tendered," he said in an interview to be published in Wednesday's edition of Finanz und Wirtschaft. Investors have heavily criticised the sports car makers expected bid price of 100.92 euros ($133.90) per VW ordinary share, ...

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