VW could face hostile bid if EU law goes -L.Saxony


BERLIN, May 17 (Reuters) - The head of the German region of Lower Saxony, a key Volkswagen AG shareholder, said on Saturday that the car giant could be subject to a hostile takeover if a law protecting it is abolished. "The law is a guarantee that the company can stay as it currently is," Lower Saxony Prime Minister Christian Wulff told Welt am Sonntag newspaper. European Internal Market Commissioner Frits Bolkestein is concerned that certain provisions of the law could restrict ...

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