UPDATE 1-Cash-rich Daimler eyes only small takeovers

Newswire

(Recasts with comments from spokesman, previous FRANKFURT) STUTTGART, Germany, Dec 19 (Reuters) - Daimler AG could use its strong financial position to make small takeovers and has not ruled out more share buybacks after its current repurchase scheme expires in August, it said on Wednesday. Acquisitions could centre on expanding its technological expertise, a spokesman said, citing the example of its recent decision to take a majority stake in a Canadian manufacturer of hydrogen-powered ...

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