Porsche 2010 Annual Report Download - page 119
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ability that the merger can be achieved under the
timeline of the basic agreement (which requires that
the necessary shareholder resolutions on the mer-
ger are made in 2011) from previously 70 percent
to 50 percent.
In the view of the Porsche SE executive
board, the overall probability of the merger decrea-
ses in case of substantial delays in the merger
process compared to the timeline of the basic
agreement.
However, the executive board of Porsche
SE is currently of the opinion that the assessments
can be finalized so timely, that the merger can be
achieved even after 2011.
Stuttgart, 28 February 2011
Porsche Automobil Holding SE
The executive board
117