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 one common share in the consideration….