Court tells Daimler to pay Daimler-Benz investors (Reuters)

by Populux | August 21, 2006 at 02:36 am
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49 minutes ago STUTTGART, Germany (Reuters) - A German court has ruled that DaimlerChrysler (DCXGn.DE) should pay former shareholders of Daimler-Benz AG more money in a dispute over the valuation of their stock during the 1998 merger with Chrysler. The Stuttgart court decided that the world's fifth-biggest carmaker should pay an extra 22.15 euros per share to investors who were forced to tender their stock for the merger, a court spokesman said. DaimlerChrysler had opposed an earlier proposal that ...
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