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Tuesday, March 17, 2009
Quandt Family nixes BMW and Daimler 7% share swapping deal
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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Other article:
BMW to Enter Small Petrol Turbo Engine Fray
Final Current-Generation BMW Z4 Rolls off Production Line
Labels:
BMW,
Corporate/Financial,
German,
Industry,
Mercedes-Benz
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