Daimler, the company that owns Mercedes-Benz and 20 percent of Chrysler, is working on a plan to prevent any takeover attempts, German reports are saying. The company is apparently considering finding an anchor investor that could block a full takeover.
The Deutsche Bank is advising Daimler on the proceedings regarding this, according to a Financial Times Deutschland report that does not reveal its sources. The concerns come after a German ball-bearings manufacturer, Schaeffler Group, made a shock takeover last month for auto supplier Continental, gaining 36 percent of its shares without telling the authorities.
This and the fact Daimler’s value has fallen by a whopping 45 percent since the beginning of 2008 is leading many to believe Daimler is susceptible to a similar sneak attack.
“The supervisory board has very intensively discussed the topic of hostile takeovers,” an unnamed source reportedly told the German daily paper.
This week’s other reports have Swedish investor Cevian Capital buying shares in Daimler, though the car company says there is no evidence of a hedge fund investor building up stock.
08/06, 8:34 AM
posted by:
HoosierHero
Tata-Benz baby!
08/06, 8:45 AM
posted by:
mazdaman
It would serve them right after what they did to Chrysler.
08/06, 9:38 AM
posted by:
1c3d0g
mazdaman: well f*cking said!
It don’t feel too good now when someone else is messin’ with ya, does it Daimler-Benz?
08/06, 10:12 AM
posted by:
xyunya
After what they done to Chrysler (and American taxpayer by dipping into out research that was payed by taxpayers) Zetsche and company should be condemned and their products boycotted in this country. Probably will not happen, since status driven dentist and rap artist can’t live without that symbol: imagine Hilton or Spears without three pointed star. It’s like imagining them wearing undergarments: unthinkable.
08/06, 10:28 AM
posted by:
HemiRoadRunner
I’m with you guys. They screwed over Chrysler, now they should get what they deserve. Mercedes are kind of over-rated. Xyunya, based on your comment I’m beginning to like your @$$.
08/06, 10:33 AM
posted by:
howsmydriving
I don’t agree. MB owned Chrysler, it was theirs to do with Chrysler what they wanted. Chrysler was struggling when it was taken over, it’s struggling now and it will be struggling in the future. The more things change….
08/06, 10:40 AM
posted by:
HemiRoadRunner
Whatever dude. Thats like taking advantage of a bored housewife whil her husband is at war, then he comes home and your cowardly @$$ sneaks out the door. They used and ABUSED Chrysler. Now they are whining and crying because they don’t want the same to happen to them. Bunch of hypocrites.
08/06, 10:46 AM
posted by:
xyunya
Chrysler was not struggling prior to “merger”. According to court papers it was suppose to be a merger, not a takeover. Kerkorian called it takeover, sued M-B and in US federal court M-B proved that it was “merger of equals”. This court action is proof today that Chrysler was basically raped and left with shiner on a side of the road. The “merger” goal was for Chrysler to provide small, inexpensive cars for combined company. We know how it went. BTW, during those years Chrysler quality was sometimes better the M-B. And M-B is suffering 45% decline, not because stellar sales either: their quality is not on par with their asking price. BMW and Audi are taking them to lunch. M-B biggest market US dental association, airheads and dancing gangsters.
08/06, 11:25 AM
posted by:
krautninja
^_^ i concur. i’ve always said MB was for wannabe’s who were too obsessed with names to care about real luxury and quality. daimler pretty much raped chrysler and left them to carry a bastard child known as depression , a child chrysler will carry for a long whiles because despite their efforts, they are a long way from being back on their feet at all. And now they wanna whine and bitch because karma is knocking on the door and they are afraid to answer. sucks to be them, i hope they get whats comin to them
08/06, 1:34 PM
posted by:
The Stig
#8 xyunya – that is absolutely correct.
08/06, 2:02 PM
posted by:
TOZO
Paranoid mofoes.
08/06, 9:49 PM
posted by:
fuk-u-asshole
****ing idiot. chrylser screwed up MB quality. and you guys ****ing know it
08/06, 9:51 PM
posted by:
fuk-u-asshole
the three pointed star started it all and will continue