daimler ag- spn adr (DAIC:Frankfurt)
Transactions by DAIMLER AG- SPN ADR (DAIC) in the last 6 months
Daimler AG (XTRA:DAI) agreed to acquire remaining 10% stake of Deutsche Accumotive GmbH & Co. KG and remaining 50.1% stake of Li-Tec Battery GmbH from Evonik Degussa GmbH on April 1, 2014.
Rolls Royce Holdings plc (LSE:RR.) entered into an agreement to acquire remaining 50% stake in Rolls-Royce Power Systems AG from Daimler AG (XTRA:DAI) on March 7, 2014. Rolls-Royce has ample liquidity to fund this purchase from existing cash and borrowing facilities. Rolls-Royce Power Systems has turnover of €3.45 billion. The transaction is subject to the condition of antitrust and foreign trade legal approvals and it is expected to complete within the next 6-months. ...
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