Home / International News / News detail

DaimlerChrysler shares soar after Kerkorian offer

From newagebd| April 12 , 2007 10:58 BJT

Shares in DaimlerChrysler soared on Tuesday after billionaire investor Kirk Kerkorian investment group offered 4.5 billion dollars (3.3 billion euros) in cash to buy its struggling Chrysler unit.

In early morning trading, shares in the German car group showed a gain of 3.37 per cent to 62.22 euros in a broadly higher market.
Kerkorian personal holding company Tracinda Corp. said last Thursday the offer would aim to build and strengthen Chrysler as an independent entity. The casino mogul, who failed in his 1995 hostile takeover bid of Chrysler, indicated his firm would offer an equity partnership to the United Auto Workers and senior management of Chrysler as a means of gaining their commitment to his long-term solution.

Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service:buyer-support@gasgoo.comSeller Service:seller-support@gasgoo.com

1: BYD launches all-new energy storage system MC Cube-T

2: Gasgoo Daily: Tesla's Shanghai Megapack factory to start construction in May

3: Volvo Cars, CATL form in-depth cooperation in battery closed loop recycling field

4: Gasgoo Daily: NIO rolls out update for Alder intelligent system