Shearman Spin-Off Snags Role on Daimler's EADS Sale

, The Am Law Daily


German automaker Daimler AG announced Wednesday the sale of its remaining 7.5 percent stake in European aerospace and defense giant EADS for $2.9 billion. The move comes on the heels of French media conglomerate Lagardere's bid last week to raise $3 billion through the sale of its 7.4 percent stake in EADS as the latter overhauls its ownership structure.

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