View Single Post
Old 09-15-2000, 08:24 PM
JCE's Avatar
JCE JCE is offline
Down to the Wear Bars
Join Date: May 1999
Location: So Kalifornia
Posts: 2,189
To help determine who is making the decisions (and pricing), I copied the following from The US Security and Exchange web site, from the Daimler Chrysler Form 424B1 filing:

"Chrysler has entered into a Business Combination Agreement, dated as of May
7, 1998 with Daimler-Benz Aktiengesellschaft, organized and existing under the laws of the Federal Republic of Germany, and DaimlerChrysler AG, a stock corporation organized and existing under the laws of the Federal Republic of Germany.

The Combination Agreement provides for the business combination of Chrysler
and Daimler-Benz in a series of Transactions which will result in Chrysler becoming a wholly owned subsidiary of DaimlerChrysler and Daimler-Benz merging with and into DaimlerChrysler, with DaimlerChrysler
remaining as the surviving entity.

Upon completion of the Merger, purchasers of the shares of Chrysler Common Stock will become holders of ordinary shares of
DaimlerChrysler, a stock corporation (AKTIENGESELLSCHAFT) organized under the
laws of the Federal Republic of Germany.

Most of the members of the Supervisory Board of DaimlerChrysler and a number of the members of the Management Board of DaimlerChrysler and certain of the officers of DaimlerChrysler and certain experts named
herein will reside outside the United States.

Fluctuations in the exchange rate between the dollar and the mark will affect the dollar equivalent of the mark price of DaimlerChrysler Ordinary Shares traded on the German stock exchanges and, as a result, are likely to affect the market price of the DaimlerChrysler Ordinary Shares on the NYSE.

DaimlerChrysler will be the successor corporation to Daimler-Benz following consummation of the Daimler-Benz Exchange Offer and the Daimler-Benz Merger."

Kind of murkey, but it seems to me that Chrysler got Acquired by a new corporation that Daimler Benz formed and then merged with, that most of the officers/directors live overseas, and that the exchange rate will affect at least the stock price!

87 300E, 65k miles
Smoke Silver