UPDATE 2-Deutsche cuts DaimlerChrysler stake to under 5 pct


(Adds terms of sales, background) By Michael Shields and John O'Donnell FRANKFURT, Nov 22 (Reuters) - Deutsche Bank sold more than a third of its shares in DaimlerChrysler on Tuesday for more than 1 billion euros, cutting its stake in the German carmaker and decades-long ally to under 5 percent. Germany's biggest bank said it placed 25 million Daimler shares with investors at 43.20 euros each, reducing its 6.9 percent stake to around 4.4 percent in a transaction worth 1.08 billion ...

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