VARIOUS: GERMAN INDUSTRIAL GROUP DAIMLER-BENZ AG POSSIBLE MERGER WITH U.S. CARMAKER CHRYSLER

Record ID: 988403

  • Title: VARIOUS: GERMAN INDUSTRIAL GROUP DAIMLER-BENZ AG POSSIBLE MERGER WITH U.S. CARMAKER CHRYSLER
  • Date: 6th May 1998
  • Summary: STUTTGART, GERMANY (FILE) (RTV) 1. AERIAL DAIMLER-BENZ HEADQUARTERS 0.06 STUTTGART, GERMANY (FILE) (DAIMLER-BENZ VNR) 2. SLV DAIMLER-BENZ HEADQUARTERS 0.12 3. SLV MERCEDES CAR FACTORY 0.16 4. HAS MERCEDES CAR PRODUCTION (2 SHOTS) 0.28 NEW YORK, NEW YORK, UNITED STATES (FILE) (RTV) 5. SLV CHRYSLER CARS AT NEW YORK AUTO SHOW (2 SHOTS) 0.38 UNIDENTIFIED LOCATION, UNITED STATES (FILE) (VNR) 6. SLV (CHRYSLER'S) WRANGLER JEEP PRODUCTION 0.43 FRANKFURT, GERMANY (MAY 6, 1998) (RTV) 7. SLV EXTERIOR STOCK EXCHANGE 0.48 8. SLV INTERIOR STOCK EXCHANGE WITH TRADERS ON FLOOR TRADING DAIMLER SHARES (5 SHOTS) 1.14 9. SCU ANDREAS KEHL, DEUTSCHE BANK TRADER, SAYING "THE MARKET NATURALLY REACTED QUITE POSITIVELY BECAUSE OF DAIMLER IT MEANS, THEY CAN BE A GLOBAL PLAYER AND CAN BE PRESENT IN THE LARGEST AUTOMOBILE MARKET IN THE WORLD AND IN THE BULGE BRACKET NOT JUST IN NICHE SEGMENT WHERE THEY HAD BEEN PRESENT UP TILL NOW. OF COURSE ON THE OTHER HAND DAIMLER HAS A LARGE COST SAVING FROM A POSSIBLE COOPERATION OR MERGER WITH CHRYSLER AND WE VIEW THAT AS VERY POSITIVE AND SO DOES THE MARKET AND YOU CAN SEE THAT IN THE SHARE PRICE TODAY." (ENGLISH) 1.42 NEW YORK, NEW YORK, UNITED STATES (MAY 6, 1998) (NYSE TV) 10. HAS NEW YORK STOCK EXCHANGE FLOOR WITH OPENING BELL RINGING/ HAS TRADERS ON FLOOR / SHARE INDEX BOARDS (4 SHOTS) 1.57 NEW YORK, NEW YORK, UNITED STATES (MAY 6, 1998) (RTV) 11. MV/SCU JOHN A. CASESA, AUTO ANALYST, SCHRODER & CO. INC SAYING "I THINK THIS IS A MERGER OF EQUALS. THESE ARE TWO OF THE STRONGER MORE PROFITABLE COMPANIES IN THE BUSINESS GETTING TOGETHER IN A PRO-ACTIVE WAY, REALLY SPARKING THE CONSOLIDATION. SO BOTH THESE COMPANIES NEED EACH OTHER. CHRYSLER HAS NO PRESENCE IN EUROPE. DAIMLER HAS GREAT OPPORTUNITY TO GROW ITS VOLUME WITH LOWER PRICED VEHICLES WHICH IS OF COURSE WHERE CHRYSLER COMPETES. SO I DO THINK ITS A MERGER OF EQUALS." (ENGLISH) 2.30 NEW YORK, NEW YORK, UNITED STATES (FILE) (VNR) 12. SCU CHRYSLER CARS ON ROTATING DISPLAY 2.46 Initials Script is copyright Reuters Limited. All rights reserved
  • Embargoed: 20th May 1998 13:00
  • Keywords:
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  • Location: STUTTGART AND FRANKFURT, GERMANY; NEW YORK, NEW YORK, UNITED STATES
  • City:
  • Country: USA
  • Reuters ID: LVA4Z3PDX1TES9OFLTSYDY7JEZ1
  • Story Text:
  • Copyright Holder: REUTERS - SOURCE TO BE VERIFIED
  • Copyright Notice: (c) Copyright Thomson Reuters 2015. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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