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Article: Daimler to Start New Share Buyback Program.
- Article from:
- PR Newswire
- Article date:
- June 17, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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- Goal of further optimizing capital structure
- 10% of outstanding shares to be acquired for a maximum of euro 6 billion
STUTTGART, Germany, June 17 /PRNewswire-FirstCall/ -- For the further optimization of Daimler's capital structure, the Board of Management of the company decided to carry out a new share buyback program. The Supervisory Board of Daimler AG has approved this decision.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080409/NYW017LOGO )
In exercise of the authorization granted by the Annual Meeting of April 9, 2008, the decision of the Board of Management allows for the buyback of 10% or approximately 96.4 million of the ...