Porsche Shareholders on VW Deal: Noooooooo!

In the first day of trading after Porsche announced it would become VW's main stockholder, Frankfurt marketmakers indicated the deal was the financial equivalent to a shotgun wedding between Brad Pitt and, say, Miss Oklahoma 1974. Shares of Porsche AG made a cartoon bank vault—like plunge of 11.3 percent on the exchange in early trading. VW shares were also down, though by a relatively minuscule 1.3 percent. Apparently, the bride's family thinks she made out pretty well.

Shares of Porsche plunge as it seeks large stake in Volkswagen [The Detroit News]

Related:
Porsche to Become Main VW Shareholder [internal]