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Existing Daimler shareholders go away empty-handed: OLG throws millions off

Daimler's existing shareholders get nothing
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This leaves the car manufacturer with a total of 230 million euros to pay Existing shareholders saved.

Companies were valued fairly

The shareholders - 1.75 percent of the Daimler-Benz shareholders at the time - did not voluntarily have their almost 10.5 million papers 1: 1.005 in new Daimler-Chrysler shares exchanged. After the compulsory exchange, 16 shareholders sued for an additional payment in cash because they considered Daimler-Benz AG to be undervalued at the time of the merger Share set. Daimler had lodged a complaint against this. In 2007, after nine years together, the carmaker sold 80.1 percent of Chrysler's shares, and the Stuttgart-based company has now also sold the remaining shares.

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