UPDATE 1-Porsche SE to use bulk of cash for acquisitions

Newswire

* Porsche SE net cash at end-Sept was 2.59 bln eur * Analyst keeps sell rating as cash use remains unclear * Shares up 1.4 pct, lag Italy's Exor (Adds details, background) FRANKFURT, Oct 30 (Reuters) - German financial holding company Porsche SE plans to use the bulk of its 2.59 billion euros ($3.34 billion) in net cash for strategic acquisitions rather than return it to shareholders. "Porsche SE intends to use the major portion ...

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