UPDATE 2-Porsche makes VW bid it hopes market refuses

Newswire

(Adds analyst comment, more details and background) By Christiaan Hetzner FRANKFURT, March 24 (Reuters) - Porsche took advantage on Saturday of a surge in Volkswagen stock to meet a mandatory requirement to offer to buy out all remaining shares at a price few investors are likely to accept. Porsche, which controls 27.3 percent of VW's voting rights and holds an option to buy a further 3.7 percent, said it planned to boost its stake to up to 31 percent soon -- a move that triggers a ...

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