The shareholders of European Aeronautic Defence and Space Company EADS N.V. (ENXTPA:EAD) authorized a share repurchase program at its Extraordinary General Meeting on March 27, 2013. Under the plan, the company will repurchase 15% of its outstanding shares, excluding shares held by the company. The company will acquire at a price not less than the nominal value and at most €50 per share. The company will purchase shares by any means, including derivative products, on ... any stock exchange, in a private purchase, by way of a public purchase offer. Shares purchased will be cancelled. The share buyback program, if implemented in the first half of 2013, would be divided into two equal tranches with the same terms and conditions. The first tranche of the share buyback program would be up to 7.5% of the outstanding shares in company’s issued share capital and would be open to all of the company’s shareholders other than the current consortium members. The second tranche of the share buyback program would also be up to 7.5% of the outstanding shares in the company’s issued share capital, and up to 5.5% of the outstanding shares in the company’s issued share capital would be reserved exclusively for Lagardere. If the size of the second tranche is larger than 5.5% of the outstanding shares in the company’s issued share capital, Sogepa and SEPI will have the right to tender a number of shares corresponding to the difference between the size of the tranche and 5.5% (based on their pro rata ownership of shares in the Company’s capital unless they agree otherwise), thus allowing Sogepa and SEPI, together, to sell shares representing up to 2% of the outstanding shares in the company’s issued share capital in the second tranche. In the event that Sogepa and SEPI do not exercise this right in part or in full, Lagardère could take the portion of the tranche that they do not use, which would potentially allow Lagardère to sell shares representing up to 7.5% of the outstanding shares in the company’s issued share capital in the second tranche. Finally, in the event that the second tranche is not fully tendered by Lagardère, Sogepa and SEPI, Daimler will have the right to participate up to the full unused amount of the second tranche. If the share buyback program does not take place in the first half of 2013 or takes place and involves the repurchase of less than 15% of the issued and outstanding share capital of the company, then the company could pursue the unused portion of the authorization in connection with the share buyback program at any time up to 18 months following this Extraordinary General Meeting for other share repurchases. The Board will only decide whether or not to proceed with such a share buyback and determine its timetable, amount, method and pricing based on the prevailing market conditions at the time of such future determination and, in any case, subject to having received prior approval of this Extraordinary General Meeting. The plan is valid for 18 months. On April 2, 2013, the company commenced the share repurchased program. On April 3, 2013, the company approved to repurchase up to €3.75 billion. On April 9, 2013, the company announced that it repurchased €500 million worth of its shares from Lagardère. On April 17, 2013, the company entered into an agreement for the independent management of the repurchase program with a broker under the “safe harbour” regulations of the French Autorité des marchés financiers (AMF). Under this mandate, the company has instructed the broker to purchase on company’s behalf own shares not exceeding 43,000,000 from April 17, 2013 to July 31, 2013. On April 17, 2013, the company announced it repurchased €3.7 billion worth of its shares from the French government. The repurchase represents a 1.56% stake in the company. The French government still owns about 13% of the company. On April 17, 2013, the company announced it repurchased 61,100,000 shares at a price of €37 per share for €2.26 billion from Daimler. The repurchase represents a 7.5% stake in the company. Daimler no longer owns any share in EADS. On April 30, 2013, the company announced it repurchased 13,000,000 shares for €483 million. The repurchase represents a 2.1% stake in the company. Jennie Pettersson of Deutsche Bank Securities Inc. and Compagnie Financière Lazard Frères SAS acted as financial advisors to European Aeronautic Defence and Space Company EADS N.V. Philippe Herbelin, Thomas Le Vert, Kevin Paviet-Salomon, Antonin Deslandes, Colin Chang, Anne-Marie Salan, Greg Stonefield, Stuart Willey, and Dave Gossen White & Case LLP acted as the legal advisors to the banking syndicate advising on the sale of Lagardère’s stake in EADS. Bredin Prat & Associes acted as the legal advisor for Lagardere SCA. Christophe Perchet, Arnaud Pérès, Paul R. Kingsley, John B. Reynolds III and Simon Witty, counsel Natacha Marty and associates Thomas Bourdeaut, Jean-Baptiste Molmy, Amy T. Alter and Simon Evers of Davis Po
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Daimler AG (XTRA:DAI) signed an agreement to acquire 1% stake in Beijing Mercedes-Benz Sales Service Co. from Beijing Automotive Industry Holding Co., Ltd. on February 1, 2013. In a related transaction, Beijing Automotive Industry Holding signed an agreement to acquire 1% stake in Beijing Benz Automotive Company from Daimler AG.

BAIC agreed to acquire an additional 1% stake in Beijing Benz Automotive Co., Ltd. from Daimler AG (XTRA:DAI) on February 1, 2013. Pursuant to the transaction, BAIC will own 51% stake in Beijing Benz Automotive.

BAIC Motor Co., Ltd. announced that it expects to raise CNY 5.13 billion in its pre-IPO equity round of funding from new investor, Daimler AG on February 1, 2013. The investor will acquire a 12% stake in the company through this transaction. As a part of the transaction, two members appointed by Daimler AG shall join the company's board. The transaction is expected to close by the end of the year or early next year. The deal is subject to the approval by the regulatory ... approvals. JPMorgan Chase Bank (China) Company Limited served as exclusive financial advisor to Daimler AG. King & Wood Mallesons served as lead legal advisor to Daimler AG, with a team led by Xu Ping, and including, Liu Cheng and Candy Chan. Morgan Stanley advised the company in the transaction. Clifford Chance advised the company with a team led by Tim Wang including Wei He, Paula Liu, and Paul Tang.
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IHI Corporation (TSE:7013) reached an agreement to acquire the remaining 49% stake in IHI Charging Systems International GmbH from Daimler AG (XTRA:DAI) on January 17, 2013. The completion of the acquisition is subject to the cartel approval by the European Commission which is expected by end of February 2013. Brian Strawn of White & Case, L.L.P. acted as the legal advisor to IHI Corporation. KPMG FAS Co., Ltd. acted as financial advisor to IHI Corporation.

Daimler AG (XTRA:DAI) agreed to acquire remaining stakes in 5 Companies in Hungary and Austria from MB Automobilvertriebsges.m.b.H. on December 13, 2012. Daimler will acquire remaining 10% stake in Mercedes-Benz Leasing Kft., remaining 50% stake in Mercedes-Benz Osterreich Vertriebsgesellschaft m.b.H., remaining 49% stake in Mercedes-Benz Financial Services Austria Gmbh, remaining 50% stake in Mercedes-Benz Hungaria Kft and remaining 10% stake in Mercedes-Benz Credit ... Pénzügyi Szolgáltató Hungary Zrt. In Hungary, 110 jobs will be lost in 2014 following the deal. The transaction is subject to antitrust approval and is expected to close on January 1, 2013. On March 13, 2013, the transaction for the acquisition of sole ownership of Mercedes-Benz Austria, Mercedes-Benz Financial Services Austria, and Mercedes-Benz Hungary was approved by the European Commission. Noerr and Christoph Lindinger, Thomas Kulnigg, Christoph Haid, Hutan Rahmani, Valerie Ditz of Schoenherr acted as legal advisors for Daimler. Detlev Wienpahl, Klaus Benner, Jan Komossa and Wolfgang Bauder acted as in house legal advisors for Daimler.
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