A German court on Friday acquitted Wendelin Wiedeking, a former chief executive of Porsche (PSHG_p.DE), of alleged market manipulation in the wake of one of the auto industry’s most controversial takeover battles.
In 2008, during the height of the financial crisis, Stuttgart-based sportscarmaker Porsche launched a stealth takeover attempt of much larger Volkswagen, using derivatives to help them sidestep share ownership disclosure rules.
