Purchase Solution

Merger of equals: Daimler-Benz and Chrysler, Kerkorian trial in 2003

Not what you're looking for?

Ask Custom Question

Five years ago Daimler-Benz and Chrysler merged to form Daimler-Chrysler. On December 1, 2003, a trial began in Wilmington, Delaware in which Kirk Kerkorian, a large Chryler shareholder at the time of the merger, is seeking $1 billion to $2 billion damages from Daimler-Chrysler. The New York Times said: "Not since John and Horace Dodge sued Henry Ford in 1916 have such prominent shareholders confronted a captain of the auto industry in court." The apparent heart of the case lies in the term "merger of equals." Do a little on-line research on this case. Then write a short paragraph that delineates the key financial attribute of a "merger of equals" and describes the basis for Kerkorian's claim.

Purchase this Solution

Solution Summary

The solution debates if it was it a merger of equals, or a secret takeover.

Solution Preview

A merger of equals is a merger that combines two businesses, as opposed to one firm acquiring the other.

Kerkorian, a Las Vegas casino billionaire and tycoon who is seeking at least 1.2 billion dollars in damages, has contended ...

Purchase this Solution

Free BrainMass Quizzes
Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.


This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking