DaimlerChrysler AG says it is moving toward a stock repurchase plan aimed at boosting its share price, which has lagged well below company expectations. Top executives say they will present a proposal to buy back up to 10% of DC's outstanding shares to stockholders at the company's annual meeting in April. “We're obviously not satisfied,” says Co-Chairman Juergen E. Schrempp. “We obviously think our stock is undervalued.” DC's stock price closed at 64 5/16 last Thursday, down from 107 ...
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