UPDATE 3-DaimlerChrysler settles merger suit for $300 mln

Newswire

(Recasts to add Kerkorian lawyer comment, paragraphs 13-15, updates share price) By Mark Thompson and Tom Brown FRANKFURT/DETROIT, 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 formed the company. But DaimlerChrysler vowed to continue fighting the lawsuit by billionaire investor Kirk Kerkorian that prompted the other U.S. investors to sue. DaimlerChrysler said ...

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