UPDATE 1-DaimlerChrysler settles merger suit for $300 mln


(Adds quotes from statement, background on case, share price) By Mark Thompson FRANKFURT, Aug 22 (Reuters) - German automaker DaimlerChrysler AG said on Friday it had agreed a $300 million settlement of a U.S. class action lawsuit relating to Daimler-Benz's 1998 takeover of Chrysler. "Although DaimlerChrysler believes that the class action is completely without merit, the company has agreed to a settlement, since a local jury could have reached a different conclusion," the company said ...

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