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	<title>Porschepedia.org &#187; vw porsche merger</title>
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		<title>Porsche-Volkswagen Merger Official</title>
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		<pubDate>Mon, 23 Nov 2009 17:33:08 +0000</pubDate>
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				<category><![CDATA[News]]></category>
		<category><![CDATA[auto news]]></category>
		<category><![CDATA[porsche merger]]></category>
		<category><![CDATA[volkswagen merger]]></category>
		<category><![CDATA[vw porsche merger]]></category>

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		<description><![CDATA[Via Worldcarfans: The Porsche and Piech families, which still control Porsche, are set to put their signatures to a merger contract today (Friday, November 20, 2009). The VW board is said to also be signing off on a series of contracts, thousands of pages long, detailing a multi-stage process for the merger. VW said in [...]]]></description>
			<content:encoded><![CDATA[<p><em>Via <a href="http://www.worldcarfans.com/109112023169/vw-approves-porsche-merger">Worldcarfans</a>: The Porsche and Piech families, which still control Porsche, are set to put their signatures to a merger contract today (Friday, November 20, 2009).<span id="more-257"></span> The VW board is said to also be signing off on a series of contracts, thousands of pages long, detailing a multi-stage process for the merger. VW said in a press release it wants the process to go as smoothly as possible and will propose a resolution to issue new preferred shares at its Extraordinary General Meeting on December 3, 2009. The new shares will allow VW to maintain its &#8220;medium term financial flexibility,&#8221; the company said.</p>
<p>From the press statement, &#8220;The creation of an integrated automotive group with ten strong brands follows a compelling industrial logic. It represents a unique opportunity for Volkswagen and is in the best interests of all shareholders. Volkswagen will further expand its position as the leading global multi-brand group with the inclusion of Porsche AG and the automobile trading business of Porsche Holding Salzburg.&#8221;</em></p>
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