Chrysler's Last Day

Date 1998/11/13 0:00:00 | Topic: Miscellaneous

Chrysler Corporation's last day of trading on the New York Stock Exchange was a busy one, as reported in a Detroit News article...

The final bell tolled Thursday for Chrysler Corp. stock, and the once-No. 3 U.S. automaker went out with a bang.

An astonishing 51.8 million Chrysler shares changed hands in the company's last day of trading on the New York Stock Exchange. Chrysler dropped off the Big Board forever with the completion of its mega merger with Daimler-Benz AG.

Chrysler stock ended the day at $47.12 1/2, up 6 1/4 cents. So-called "when-issued" shares of DaimlerChrysler AG closed at $77.75, up 1.87 1/2.

Official trading in the newly merged company's stock begins next Tuesday under the symbol "DCX" on the New York and Frankfurt exchanges.

Chrysler shareholders will receive 0.6235 DaimlerChrysler share for each share held at Thursday's close.

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