Porsche says 0.02 pct of VW shares tendered

Newswire

FRANKFURT, May 29 (Reuters) - About 0.02 percent of Volkswagen's outstanding stock had been tendered to Porsche as of 1300 GMT on Friday, Porsche said in a statement on Tuesday. The Stuttgart-based luxury sports car maker, which launched a mandatory takeover bid for Volkswagen but offered the legal minimum as it had no intention of acquiring a majority stake through the bid, said investors had tendered 42,722 ordinary shares and 20,567 preference shares to Porsche. It is offering just ...

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