Germany: Tognum says Daimler offer too low

Off-highway engine specialist Tognum’s board of management and supervisory board are recommending that shareholders turn down the takeover offer from Daimler and Rolls-Royce. The boards have said that while they welcome the offer from a business point of view, the price of €24 (US$34) per share is too low. The boards Subscribe to Automotive World … Continued

• By Webmaster
• April 18, 2011