Salem Radio Network News Tuesday, May 18, 2021

Business

Nissan to sell 16.4 million Daimler shares

FRANKFURT (Reuters) – Nissan Motor is selling 16.4 million shares in German carmaker Daimler through an accelerated bookbuild offer, it said on Tuesday.

Investors were guided to expect pricing near Tuesday’s closing price of 72.41 euros a share, a bookrunner organising the deal said. Bank of America and Societe Generale are organising the block trade.

(Reporting by Arno Schuetze; Editing by David Goodman)

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