GM offered Daimler GM stock in Chrysler bid-report

Newswire

DETROIT, March 26 (Reuters) - General Motors Corp. offered DaimlerChrysler AG a stake of less than 10 percent of its own stock in an early, "longshot" bid to acquire Chrysler Group, the Detroit News reported on Monday. GM's bid for Chrysler, which was made in January before Daimler opened discussions with a range of bidders, did not include a cash transfer to Daimler, the newspaper reported. GM's offer remains active as other bidders prepare to tender their own offers for Chrysler this ...

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