Most news organizations reported yesterday that the deal was worth significantly less, reflecting the opinion that Daimler is, in fact, acquiring Chrysler.
Daimler is going to have to be able to make and sell more Mercedes more cheaply because it has acquired Chrysler, and vice versa, for the deal to make sense.
On 9 June 2009, the Supreme Court lifted the temporary hold, clearing the way for Fiat to acquire Chrysler.
"We currently have no intention to acquire Chrysler," Mr. York wrote.
There was a significant tax advantage for Daimler to acquire Chrysler but there was a significant disadvantage for Chrysler to acquire Daimler.
To the surprise of many stockholders, Daimler subsequently acquired Chrysler in a stock swap, after the retirement of Chrysler CEO Bob Eaton.
FOUR years after DaimlerBenz acquired Chrysler, the combined company plans for the first time to reckon with the merger in its American advertisements.
Daimler-Benz acquired Chrysler.
Tracinda was the largest Chrysler shareholder before Daimler-Benz acquired Chrysler in 1998.
Indeed, some on Wall Street argue that he never intended to acquire Chrysler, or his attempt would not have been so badly mishandled.