Volkswagen finally secures Porsche in 4.46 billion euro deal

Volkswagen AG (ETR:VOW) (FRA:VOW) seems to have got itself a sweet deal by finally acquiring Porsche Automobil Holding SE (ETR:PAH3) (FRA:PAH3) for 3.88 billion euros plus a share of future dividends and other benefits and one common share. The deal sets the VW group firmly on track to becoming the largest auto-maker on the planet by 2018. VW cherry-picked its way through Porsche, buying only its manufacturing assets and having nothing to do with the litigation-laden Porsche SE holding. En route to the acquisition, the two companies avoided 1.5 billion in taxes by using the simple stratagem of including just...