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Latest Mercedes-Benz News

Price disagreement derails Daimler-RR takeover of Tognum

A lot of people in the automotive industry considered this partnership as being the deal of the century. Tognum’s supposed takeover by German automotive manufacturing giant Daimler AG in partnership with Rolls Royce was derailed by an unexpected message from the fellow German company over the weekend. Daimler shares that the duo is planning to extend almost 24 euro for each share of Tognum’s stocks, an amount that is actually already 30 percent higher than Tognum’s closing price in XETRA on March 4, exactly one day before they publicly announced the planned takeover. Tognum’s response, however, was a surprise for everyone involved in the partnership. Management says that the amount… Continue Reading »

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