UPDATE 1-Court sets payment price in Daimler/Chrysler merger

Newswire

(Adds stock price, background) STUTTGART, Germany, Aug 21 (Reuters) - A German court has ruled that DaimlerChrysler should pay former shareholders of Daimler-Benz AG more money in a dispute over the valuation of their stock during the 1998 merger with Chrysler. The Stuttgart court determined that the world's fifth-biggest carmaker should pay an extra 22.15 euros per share to investors who were forced to tender their stock for the merger, a court spokesman said. DaimlerChrysler had ...

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