Luxury automaker Porsche said Saturday it plans to raise its stake in Volkswagen ag to 31 percent, triggering a mandatoryoffer for the whole of the company.
The American is now just one per cent short of the 29.9% figure which, under British law, means he must make a mandatoryoffer for the remaining shares in the company.
This paper suggests that Securities Law should be reinforced in information exposure and mandatoryoffer institutions to strengthen ruling acquisition by foreign investors.