Court sets payment price in Daimler/Chrysler merger

Newswire

STUTTGART, Germany, Aug 21 (Reuters) - A German court has ruled that DaimlerChrysler 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. A court spokesman said on Monday 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. DaimlerChrysler had opposed an an earlier proposal that it settle the case by paying ...

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