17. Daimler, a German carmaker, acquired Chrysler, the third largest U.S. automaker, for $40.5 billion in 1998.
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17. Daimler, a German carmaker, acquired Chrysler, the third largest U.S. automaker, for $40.5 billion in 1998. But after years of declining profit and labor problems, Daimler sold off Chrysler to the U.S. private equity firm Cerberus for $7.4 billion in 2007.
Study the DaimlerChrysler saga and identify the main factors for the failure of this cross border merger.
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Related Book For
ISE International Financial Management
ISBN: 9781260575316
9th International Edition
Authors: Cheol Eun, Bruce Resnick, Tuugi Chuluun
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