A settlement has been proposed to end the dispute between former Daimler-Benz AG shareholders and DaimlerChrysler, about the value placed on stock that shareholders were forced to convert into DaimlerChrysler shares in 1998, following the merger with Chrysler.
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Under the proposal DaimlerChrysler would have to pay former Daimler-Benz shareholders nearly EUR200m (US$250m), according to Reuters.
Holders of 1.8% of Daimler-Benz stock exchanged their stock involuntarily, but some sought compensation saying that their stock was not properly valued.
The court has suggested that former shareholders are paid an extra EUR19 per share.
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