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Daimlerchrysler sells its stake in mitsubishi

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Old Nov 11, 2005 | 12:05 PM
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DARKMAZ8's Avatar
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"Call me Darkman"
 
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From: Toronto/Florida
Lightbulb 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.
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