DaimlerChrysler AG must pay about $295 million to former shareholders of Daimler-Benz AG to settle a case related to its 1998 merger with Chrysler Corp., a German court said Monday. During the merger, 1.8 percent of Daimler-Benz shares were exchanged involuntarily for shares in the merged company. Some shareholders claimed that the exchange ratio used undervalued their shares, and they launched court proceedings in 1999.
August 22, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
DaimlerChrysler AG must pay about $295 million to former shareholders of Daimler-Benz AG to settle a case related to its 1998 merger with Chrysler Corp., a German court said Monday.
The automaker must pay a group of investors $28.42 per share, or a total of euro230 million, to resolve the dispute over the valuation of their stock, said Till Jakob, a spokesman for the state court in Stuttgart.
Presented by BigVoodoo
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
The premier educational and networking event for employee benefits brokers and agents.
The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania and Delaware.
A large and well-established Tampa company is seeking a contracts administrator to support the company's in-house attorney and manage a wide...
We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Candidates should ...
We are seeking an attorney to join our corporate and transactional practice. Candidates should have a minimum of 8 years of general corporat...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
