DaimlerChrysler AG last week inked a deal to acquire 100% of Detroit Diesel Corp. in a bid to become the world's leading manufacturer of high-powered diesel engines. Under the agreement, DC will purchase 78.7% of Detroit Diesel's outstanding shares for approximately $423 million or $23 per share. DC currently owns 21.3% of Detroit Diesel. DC says it will acquire Detroit Diesel's headquarters and engine plant in Redford, MI, as well as other global operations. The merger is expected to be ...
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