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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Source URL: http://automotivetrendnews.blogspot.com/2009/03/quandt-family-nixes-bmw-and-daimler-7.html
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