UPDATE 2-Daimler, VW seek protection in each other-reports


(Recasts adding new details, new analyst comment, shares) FRANKFURT, Sept 30 (Reuters) - Volkswagen and DaimlerChrysler , the world's fourth and fifth largest carmakers, discussed a cross-shareholding to protect each other from a hostile takeover, the German media reported on Friday. Weekly magazine Der Spiegel wrote that the two sides agreed each would take less than 20 percent in the other's shares, although they would not appoint their own representatives to each other's supervisory ...

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