Daimlerchrysler sells its stake in mitsubishi
11-11-2005, 12:05 PM
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Daimlerchrysler sells its stake in mitsubishi
Here's the article----
http://www.freep.com/news/latestnews...3_20051111.htm
Mitsu's stock price has soared in the past 3 months. Looks to be over valued at this current level with a market cap of 11 billion USD. Goldman Sachs bought the stake from DC for an 18% discounted price.
One thing to note is that mitsu did manage to cut their loss in 1/2 in a year.
Looks promising.
http://www.freep.com/news/latestnews...3_20051111.htm
Mitsu's stock price has soared in the past 3 months. Looks to be over valued at this current level with a market cap of 11 billion USD. Goldman Sachs bought the stake from DC for an 18% discounted price.
One thing to note is that mitsu did manage to cut their loss in 1/2 in a year.
Looks promising.
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