Change in investors clears way for Koenigsegg/Saab deal to resume

After a few tense days, the air has finally been cleared and Koenigsegg ’s impending purchase of Saab is once again on the table.

The confusion started when one of the owners of Koenigsegg – Mark Bishop – unexpectedly decided to sell his shares in the company, which was estimated to be around 22%. The immediate ramifications of his decision caused a firestorm of controversy surrounding Koenigsegg’s intended purchase of Saab and whether or not it would still push through.

Fortunately, an unnamed investor immediately gobbled up Bishop’s shares and as a result, the negotiations to purchase Saab are back on.

Whew!

Continued after the jump.

Source: Reuters

While there was no official word as to why Bishop decided to sell his shares, which incidentally was the second largest clump in the company, reports said that the American was concerned about the publicity – and the potential backlash – over Koenigsegg’s decision to buy Saab from General Motors.

But now that a yet-to-be-named individual has swooped in to save the day, the purchase of one Swedish brand by another is now officially back on track.

All’s well that ends well, yes?


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