Mergers and Now: Defense By Mercedes

Defense By Mercedes

The battle was drawn out and acrimonious, but it finally concluded in less time than it takes a Mercedes to eat up a stretch of an autobahn. Daimler- Benz, the company that makes Mercedes cars and trucks, bought its way into the top ranks of West Germany's defense contractors. The carmaker last week struck a $150 million deal to take over Dornier, West Germany's second largest aerospace manufacturer (1984 sales: about $500 million).

The Daimler-Benz offer was resisted for months by Claudius Dornier, 70, eldest of six family shareholders of the company that caught the world's attention in 1929 by building...

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