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    The continuing VW-Porsche saga

    http://www.porsche.com/uk/aboutporsche/pressreleases/pag/?pool=international-de&id=2008-10-24

    This latest Press Release reverses previous impressions about the Piech vs Porsche power struggle.

    I wonder why shrewd Piech has made this U-turn and what he got in exchange!

    Re: The continuing VW-Porsche saga

    What is interesting to me is the amount of private partner detail made public this way.

    Someone told me that the recent purchases of large blocks of VAG shares were made by a Porsche family member.

    Re: The continuing VW-Porsche saga

    Quote:
    ADias said:
    Someone told me that the recent purchases of large blocks of VAG shares were made by a Porsche family member.



    Don't know about that.
    I think the only people who would have bought VW stock at the crazy prices they have been trading at recently (over Euro 400 at one time within the last 2 weeks) were those who got caught short after having entered into commitments to supply Porsche Holding with VW stocks at a time when the price was well under Euro 200. The price is now rapidly heading south again.

    Your "someone" may have got his information mixed up with recent purchases of Porsche Holding company stock made a member of the Porsche family. These purchases had to be declared publicly, since they count as "insider" trades.

     
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