One year ago this week, Chrysler Corp. and Daimler-Benz AG shook the automotive world by announcing plans to merge. The marriage was arranged in the name of the shareholders. So how have Chrysler shareholders fared? Very well, at least in the relatively short period of one year. Chrysler stock, including the run-up after the buyout terms were announced, outperformed shares of Ford Motor Co., General Motors, the S&P 500, and the Dow Jones Industrial Average. The calculations do not include dividends, only share price. The starting point was May 4, 1998, two days before the story broke in the press and three days before the May 7 merger announcement in London.
DAIMLERCHRYSLER: ONE YEAR LATER, THE WINNER IS...
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