Germany: Daimler, Rolls-Royce up Tognum bid

Daimler and Rolls-Royce Group have upped their offer for Tognum from €24/share (US$34) to €26/share, reports Bloomberg. The new €2.4bn offer has been submitted in writing and a response is expected as early as later today, 16 May. In April, Tognum’s board of management and supervisory board recommended that shareholders turn Subscribe to Automotive World … Continued

• By Webmaster
• May 16, 2011