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Article: Chrysler Shareholders Businesslike in Approving Merger.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- September 21, 1998
- Author:
CopyrightCOPYRIGHT 1998 Knight-Ridder/Tribune Business News. 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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Knight Ridder/Tribune Business News
Sep. 19--WILMINGTON, Del.--Chrysler Corp. shareholders Friday overwhelmingly approved the Auburn Hills automaker's merger with German industrial giant Daimler-Benz AG.
The vote marked the penultimate action in a $40-billion merger that would combine the owner of prestige automaker Mercedes-Benz with the tenacious 73-year-old industrial icon whose history is as tumultuous as Detroit's itself.
All that remains is for Daimler-Benz shareholders to exchange their shares for shares in the new company for the deal to be officially completed and DaimlerChrysler AG to be born.
While 15,000 shareholders of ...