Daimler exits EADS with $2.9 billion placement FRA
Post# of 28526
Posted On: 04/17/2013 8:00:07 AM
Daimler exits EADS with $2.9 billion placement
FRANKFURT (Reuters) - Germany's Daimler sold its remaining stake in EADS for about 2.2 billion euros ($2.9 billion), exiting its aerospace activities completely nearly 13 years after it helped to found the Airbus parent company. Daimler said it placed 61.1 million shares at 37 euros each, the top end of the range, amid strong demand from international investors. EADS itself purchased 600 million euros of its own stock as part of the placement. ...
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