added 2007 Sat May 12 2:19:03 by TechnologyExpert
Management at Volkswagen, Europe's biggest car maker, Friday said it had unanimously rejected a takeover offer from German luxury sports car maker Porsche. VW said in a statement following a special session of its supervisory board that management was convinced that "the value of Volkswagen shares is superior to the price offered."
Management at Volkswagen, Europe's biggest car maker, Friday said it had unanimously rejected a takeover offer from German luxury sports car maker Porsche. VW said in a statement following a special session of its supervisory board that management was convinced that "the value of Volkswagen shares is superior to the price offered."
