How will current DXC shareholders be dealt with after Daimler sellsChrysler?

#11

On May 19, 9:41 pm, "Coasty" <uscg_ret@ no spam comcast.net> wrote:

Quote:

"MoPar Man" <M... (AT) Man (DOT) com> wrote in message

news:464F9453.3E84C404 (AT) Man (DOT) com...

If, once upon a time, you owned shares in Chrysler, that were
converted to Daimler-Chrysler (DCX) shares when Daimler merged (or
bought) Chrysler, then will you regain your Chrysler shares if Daimler
sells Chrysler? Or will you simply retain the Daimler-Chrysler shares
(which I suppose will be called simply "Daimler") after Chrysler is
sold off?

Daimler absorbed Chrysler for one purpose and that was the ready
availability of Chrysler's cash reserves.

Chrysler had no "cash reserves." Check out the last Annual Report to
Stockholders before the merger. Or are you claiming they lied in
their report? That they had 2 sets of books?

Quote:

They had no real intent of making
a go of it and the US should spit right in Daimler's face. Now that the
cash is gone Chrysler was sold no cash reserves, and with 500 million
dollars in the hole due to pension systems and retirements.

But all the current debts are absorbed by Daimler, which is also
contributing $1 billion to the Chrysler group.

Quote:

The next step
will be chapter 11 people will loose their pensions and retirement and their
will be lay offs.

Can't happen. Pensions are guaranteed by the US government.

Quote:

The present group of owners are in it to produce a profit
this cannot be done in Chrysler's present solvency. Just my opinions and
observations.

Coasty

#12

On May 19, 11:32 pm, "Joe" <J... (AT) dontspam (DOT) net> wrote:

Quote:

"Sideshow Bob" <Mergatr... (AT) no (DOT) spam.absolutely.bigfoot.com> wrote in message

news:E-Cdncnjzf9aNNLbnZ2dnUVZ_gSdnZ2d (AT) adelphia (DOT) com...

"MoPar Man" <M... (AT) Man (DOT) com> wrote in message
news:464F9453.3E84C404 (AT) Man (DOT) com...

If, once upon a time, you owned shares in Chrysler, that were
converted to Daimler-Chrysler (DCX) shares when Daimler merged (or
bought) Chrysler, then will you regain your Chrysler shares if Daimler
sells Chrysler? Or will you simply retain the Daimler-Chrysler shares
(which I suppose will be called simply "Daimler") after Chrysler is
sold off?

Cerberus is a private equity firm, not a public company. Daimler sold
Chrysler to Cerberus (well 80.1% of it) so Chrysler has now in effect gone
private. Your Daimler-Chrysler shares will in all probability soon return
to their former name, Daimler-Benz.

This is the correct answer. Prior shareholders will get nothing. The value
you lost was courtesy of whatever D-B mismanagement allowed them to buy a
company for 37B and then give it away free. You owned D-B during that, so
you share in the loss.

Well, I bought Chrysler at what amounts to $30 a share (correcting for
the conversion from my Chrysler shares to my DC shares). MY DC today
is going for $87 a share. If that's a loss, I want more!

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How will current DXC shareholders be dealt with after Daimler sellsChrysler?

Chrysler Dodge, Plymouth, Jeep, Eagle, etc info/talk (rec.autos.makers.chrysler)

Re: How will current DXC shareholders be dealt with after Daimler sells Chrysler? - 05-21-2007 , 03:17 PM

Re: How will current DXC shareholders be dealt with after Daimler sells Chrysler? - 05-21-2007 , 03:23 PM