Porsche Says No Contact To US Funds Over Lawsuit
28 Janvier 2010 - 3:12PM
Dow Jones News
Porsche Automobil Holding SE (PAH3.XE) said Thursday it isn't in
talks over a settlement with the U.S. investment funds which
launched a $1 billion lawsuit against the German sportscar maker
Monday related to Porsche's failed takeover bid for Volkswagen AG
(VOW.XE).
"There is no contact with these funds," Porsche spokesman
Albrecht Bamler told Dow Jones Newswires.
"We haven't been notified about this lawsuit yet," he said,
reiterating the company "always acted according to capital market
laws."
Daily Financial Times Deutschland reported earlier Thursday that
Porsche was looking into reaching a settlement with the U.S funds,
which include Elliott Associates LP, Glenhill Capital LP and Perry
Partners LP. The funds accuse Porsche of market manipulation.
Company Web site: www.porsche-se.com
-By Christoph Rauwald, Dow Jones Newswires; +49 69 29 725 512;
christoph.rauwald@dowjones.com
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