Daimler Sells Aabar a 9.1% Stake for $2.7 Billion

the world’s second- largest maker of luxury cars, will sell 1.95 billion euros ($2.7 billion) of shares to Abu Dhabi’s Aabar Investments PJSC,

http://www.bloomberg.com/apps/news?pid=20601087&sid=aWOXzwD5Rw8s&refer=home

 

It should be bearish.

 

hope you're kidding.

car co. in this environment able to raise $ thru equity @ a price near last print.... yeah, big trouble for longs

 

Possibly


Tuesday, 27 November 2007, 12:00 CST
Abu Dhabi to Invest $7.5B in Citigroup

 

No. Dude, I'm totally serious. Foreign investors, especially from the Middle East, are notorious for doing the wrong thing at the wrong time in foreign markets. They seem to be more concerned about making "symbolic gestures" instead of trading profitably.

 

(Rim shot).....(pa-doom-teesh)!

 

GM Ford and Chrysler would be happy to have such investores ))))))

 

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