84 days ago • Posted by William Ramstein

Daimler increases market cap spread with BMW

The spinoff of Daimler Truck announced earlier this month was a historic step toward abandoning the conglomerate structure that’s been weighing on the German manufacturer’s valuation for years. Daimler shares surged to their highest since May 2018 after management unveiled their spinoff plan earlier this month. Other German industrial conglomerates have had mixed success trying to streamline their operations to better compete in a rapidly changing environment where software and data play increasingly important roles. Source: Bloomberg