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Germany's Porsche Automobil Holding SE and Volkswagen AG met on Wednesday to discuss a plan where 10 brands would stand under an integrated company, nine are owned by VW with the other being the iconic Porsche brand. In January, Porsche raised its VW stake to 51% but has now dropped...
Posted on May 6, 2009 5:16 PM
Last summer we highlighted how Hong Kong's Li & Fung Ltd. took advantage of the economic slump by acquiring several U.S. retail companies. Now comes news that the consumer goods exporter plans to raise HK$2.7 billion ($348 million) selling new shares at a discount to fund acquisitions in the U.S....
Posted on May 5, 2009 1:51 PM
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