Porsche in talks with unnamed investor (Dealscape

Porsche Automobil Holding SE is threatening to take its 911 sportscar and drive home. The Stuttgart, Germany, company said Tuesday it was in "promising" talks with an unnamed investor a day after Volkswagen AG, in which it has a 51% stake, walked away from talks about a planned joint future, according to Reuters. Messages seeking comment were left with Porsche.

VW and Porsche earlier this month agreed to merge their companies into a truck and carmaker with 10 brands after Porsche failed in a bid to completely swallow VW. The maker of the 911 and Cayenne piled up €9 billion ($12 billion) in debt grabbing a VW majority but lacks the financial muscle to boost that holding to 75% or beyond this year, as planned.

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NOT A SUBSCRIBER? Porsche in talks with unnamed investor Posted on May 19, 2009 12:28 PM Porsche Automobil Holding SE is threatening to take its 911 sportscar and drive home. The Stuttgart, Germany, company said Tuesday it was in "promising" talks with an unnamed investor a day after Volkswagen AG, in which it has a 51% stake, walked away from talks about a planned joint future, according to Reuters. Messages seeking comment were left with Porsche. VW and Porsche earlier this month agreed to merge their companies into a truck and carmaker with 10 brands after Porsche failed in a bid to completely swallow VW. The maker of the 911 and Cayenne piled up €9 billion ($12 billion) in debt grabbing a VW majority but lacks the financial muscle to boost that holding to 75% or beyond this year, as planned. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 126 company pages related to Germany 34 in-depth reports of Withdrawn M&A deals in the Automotive sector 12 articles related to Porsche Automobil Holding SE 7 company pages related to Volkswagen 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Skadden Arps Pinnacle Foods Concho Resources Agrium Inc. Birds Eye Cantor Fitzgerald Credit Suisse Windstream Corp. Goldman Sachs		EXISTING USERS Username Password Forget your password? Missing a product?

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