erChrysler will have headquarters in Germany and Michigan, but the company will be incorporated in Germany with a traditional German structure.
b. The chief executives of DaimlerChrysler will be Jurgen Schrempp, Chairman of Daimler-Benz Management Board, and Robert Eaton, Chairman and Chief Executive officer of Chrysler Corporation. Schrempp and Eaton will work together as co-chairmen for three years, after which Eaton will retire.
c. Shareholders of both companies must exchange their stocks after the merger. Daimler-Benz shareholders receive one share of DaimlerChrysler for each share they currently own, and Chrysler shareholders receive 0.547 of the new company's shares for every Chrysler share they own.
d. Executives promise not to lay off any employees or close any plants as a result of the merger.
e. The company decided not to use the DaimlerChrysler name
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