UPDATE 1-Porsche says delay to VW merger now more likely


* Probe of shares manipulation taking longer than expected * Prosecutors see probe lasting into 2012 * Porsche cuts chance of merger completing within schedule (Updates with Porsche statement) FRANKFURT, Feb 23 (Reuters) - Porsche's absorption into Volkswagen this year is now more likely to be delayed because of investigations into two former managers, the sports car maker said late on Wednesday. The public prosecutor's office in Stuttgart informed Porsche that a probe into ...

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