Details on Spyker’s purchase of Saab

We posted yesterday about Spyker finally getting their hands on Saab, but not many details were available at the time. Now though, we can bring you some of the details on the deal.

Genii withdraws from Saab bidding, Spyker suspends share trading

Genii Capital has pulled out of the running for Saab, just a couple of weeks after placing their original bid. This leaves Spyker as the only remaining bidder.

Saab mess-up continues

The Saab saga continues as reports suggest that Genii and Spyker have united their bids in order to save the Swedish brand from GM. The whole story is far from over and it is said to keep on going until February.

Another bidder on Saab appears, Saab board votes to shutdown brand

Another party besides Spyker has placed a bid on Saab. This is Genii Capital, the same private-equity group which purchased Renault’s Formula 1 team.

Possible investor for Spyker’s renewed Saab deal discovered, details on Saab dealer conference call emerge

Spyker has been refusing to say what investor is behind their renewed Saab deal. Now, rumours suggest that it is Dutch billionaire Marcel Boekhoorn.

Spyker extends deadline on Saab deal, Mahindra expresses interest in Saab

Originaly, Spyker had set a deadline of 5:00 PM EST today for General Motors to make a decision on their revised deal. Now, Spyker has decided to extend that deadline.

Saab may not be dead yet

After General Motors has announced that it was set to kill the Saab brand, it seems that the last bidder who was left in the game, Spyker Cars, has made the American giant a new offer to try to secure Saab’s future. Spyker CEO Victor R. Muller said today that a new offer has been submitted to GM with the 11 points that prevented Spyker for taking Saab last time being reconsidered. They are very confident that they have removed any obstacle that stood in the way of the transaction the last time therefore hoping no problems will arouse this time.