Monday, 21 May 2007

CORRECTED: Daimler bears $1 bln Chrysler pension risk

(Reuters) - "We have said that with the closing of the transaction, the topic of pension obligations is settled. If there is something coming, then we know what is coming," he said, adding that the agreement was based on PBGC's model, which calculates risks in the event that the pension plan were terminated immediately.




Daimler said it was not taking a provision for the risk because it did not expect this hypothetical case to occur.


Read more at Reuters.com Mergers News

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