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Quandt Family nixes BMW and Daimler 7% share swapping deal
Posted by
kopor
on Tuesday, March 17, 2009
/
Labels:
BMW,
Corporate/Financial,
German,
Industry,
Mercedes-Benz
Germany’s Der Spiegel first reported today that Daimler and BMW would acquire a 7% stake in each other, but now the same newspaper is reporting that the Quandt family, BMW’s biggest shareholder with a 46% controlling stake, has quashed the deal over fears Daimler may attempt a takeover.
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