Getting to grip with global shares
When the DaimlerChrysler merger took place last year the world witnessed much more than the creation of a new automotive conglomerate. What the merger also heralded was the emergence of the first 'global share'.
Dubbed by its advocates, including the New York Stock Exchange, as the first truly 'seamless global instrument' the stock was initially held in equal measure on both sides of the Atlantic. This all changed with the decision by the S&P 500 not to include DaimlerChrysler in the
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