REFILE-UPDATE 2-Porsche boosts VW stake to 30.9 pct via option

Newswire

(Corrects by adding dropped attribution in quote in last paragraph) By Christiaan Hetzner FRANKFURT, March 26 (Reuters) - Porsche exercised an option on Monday to raise its voting stake in Volkswagen to 30.9 percent, which will technically trigger a takeover bid, though at a cut price that looks designed to fail. "The completion of the share acquisition is expected to take place on Wednesday, 28 March, 2007," Porsche said in a statement, after management made use of its 3.6 percent ...

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