UPDATE 2-DaimlerChrysler settles merger suit for $300 mln

Newswire

(Releads, adds analyst, lawyer, updates shares) By Mark Thompson FRANKFURT, Aug 22 (Reuters) - DaimlerChrysler AG said on Friday it would pay $300 million to disgruntled former Chrysler investors to settle a lawsuit linked to the 1998 merger that created the group but would fight similar claims. DaimlerChrysler said the plaintiffs were initially seeking $22 billion in damages in the class action at the district court in Delaware. It said a similar suit brought by Tracinda, the ...

Premium Content (PAID Subscription Required)

"UPDATE 2-DaimlerChrysler settles merger suit for $300 mln" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×