Germany's financial regulators have approved automaker Porsche's required takeover offer for Volkswagen, which it was obligated to make after acquiring more than 30% in the company, Porsche said Monday.

Germany's financial regulators have approved automaker Porsche AG's required takeover offer for Volkswagen AG, which it was obligated to make after acquiring more than 30 percent in the company, Porsche said Monday.

Germany's financial regulators have approved automaker Porsche AG's required takeover offer for Volkswagen AG, which it was obligated to make after acquiring more than 30 percent in the company, Porsche said Monday.

Hailey Boss submits: When people talk about Volkswagen , the first thing that usually pops up in their mind is the ever-popular Type 1 or Beetle model. The German-based car manufacturing company first entered the scene during the late 1930's when Adolf Hitler asked Ferdinand Porsche Sr. to design an automobile that would be more [... ]

Porsche logo on display at the Florida International Auto Show in 2006. Porsche has launched an official bid to acquire Volkswagen, Europe's largest auto manufacturer.

Porsche, the German maker of luxury sports cars, said Monday it had launched an official bid to acquire Volkswagen, Europe's largest auto manufacturer.

Porsche, the German maker of luxury sports cars, has launched an official bid to acquire Volkswagen, Europe's largest car maker.

Porsche is now offering 100.92 euros for each Volkswagen ordinary share, 65.54 euros per preference share

GERMAN CAR-maker, Porsche, has been given official approval from German financial authorities to launch a take-over offer for Volkswagen.

April 30 (Bloomberg) -- Porsche AG, the maker of the 911 and Cayenne, said the offer period for its low-ball 35.9 billion-euro ($48.9 billion) bid for Volkswagen AG will run for four weeks, starting today.