Do they get taken out by DB6 Jun 2020 23:14
Do they get taken out by DB
Daimler DAI, which owns Mercedes, struck a deal in 2013 to receive 5% of nonvoting shares in Aston Martin in exchange for supplying its next generation of cars with its high-performance engines and electronic components, including the infotainment system.
But hidden deep in the risk factors section of Aston Martin’s 321-page IPO prospectus, is one big obstacle. “The various agreements governing the supplier relationship impose certain restrictions that have the effect of limiting Aston Martin Lagonda’s ability to obtain investment from certain strategic Daimler competitors or certain other restricted parties without Daimler’s consent.”