DaimlerChrysler hit by third suit over merger

Newswire

By Jon Hurdle PHILADELPHIA, May 25 (Reuters) - DaimlerChrysler has been hit by a third lawsuit claiming that the 1998 deal that formed the German-American automaker cheated investors out of billions of dollars because it was deceptively billed as a "merger of equals" rather than a takeover. The latest suit, filed in U.S. District Court in Delaware Monday on behalf of investors outside the United States, cites Daimler-Benz investment bankers' estimates that Chrysler was worth between $10 ...

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