Deals
Daimler to Book $3.44 Billion Gain From Remaining EADS Stake
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Daimler AG, which helped form European Aeronautic, Defence & Space Co. more than a decade ago, will book a 2.7 billion-euro ($3.44 billion) gain from the reevaluation of its remaining holdings in the airplane maker.
The operating-profit increase, which has no cash-flow effect, will be booked in the second quarter, the Stuttgart, Germany based automaker said in a statement today. The move will also add 1.25 euros in earnings per share in 2013.