Daimler AG and Rolls-Royce Holdings plc have obtained the approval of all the relevant regulatory authorities for the acquisition of Tognum AG. This step paves the way for Daimler and Rolls-Royce to conclude the takeover of the Friedrichshafen-based engine and drive system specialist Tognum through their joint venture, Engine Holding GmbH. The settlement will be completed within the next eight bank working days. This means that the Tognum shareholders who tendered their shares before the extended offer period ended on June 20, 2011 will receive settlement within the next two weeks.





As of August 22, 2011, Engine Holding GmbH had secured approximately 96.78% of the Tognum shares. Tognum shareholders who have not yet accepted the takeover offer can tender their shares for purchase by Engine Holding GmbH at the offer price of €26 until midnight on November 10, 2011.



Through the acquisition of Tognum, Daimler and Rolls-Royce plan to create a leading supplier of complete industrial engine systems. The joint venture company will offer a broad range of products, services, and solutions worldwide.



Source: Daimler AG



Copyright © 2011, Mercedes-Benz-Blog. All rights reserved.

OFFICIAL PRESS RELEASE

Anniversary Event Marked by 125 Scholarship Donations for Children to Attend SF Rec and Park's Summer Camp

Montvale (NJ), USA, Jun 16, 2011 - The Gull Wing Group reaches its golden anniversary and is marking the 50 year milestone with Mercedes-Benz USA by recreating one of the group's most famous photos taken in 1961 at Fort Point Park overlooking the Golden Gate Bridge in San Francisco, California.


In honor of the Gull Wing Group's milestone, Mercedes-Benz USA is donating 125 scholarships to provide children with the opportunity to participate in the San Francisco Recreation and Park Department's unique summer educational programs designed to accentuate personal responsibility and initiative, and encourage children to pursue preservation in the future of America's national parks.

"The Gull Wing vehicle represents Mercedes-Benz leadership in style, design and performance and this anniversary allows us a moment to celebrate the history of that legacy created over fifty years ago." said Steve Cannon, Vice President of Marketing, Mercedes-Benz USA. "As we look back, we also have to look to the future and that was our intention with the donation to provide San Francisco kids with the opportunity to attend summer camp through the Recreation and Parks Department program."

Founded in San Francisco, California on June 16, 1961 The Gull Wing Group, led by Ernie Spitzer, was comprised of eighteen 300 SL Coupe owners. Currently over 600 driving enthusiasts dedicated to sharing their knowledge and enjoyment of the 300 SL belong to the Group. On June 10, 2011 - almost 50 years after an original photo was taken to mark the beginning of the Gull Wing Group's existence - close to 100 members comprised of 24 Gull Wings and 14 Roadsters, are recreating the image by revisiting the very same spot in Fort Point Park, a National Historic Site run by the U.S. National Park Service.

"Donation such as this one helps San Francisco Recreation and Parks to fulfill its mission of providing enriching recreational activities to all San Franciscans." said Phil Ginsburg, San Francisco Recreation and Park Department's General Manager. "Our scholarships serve more than 2, 000 San Francisco children and families every year."

With only 1400 Mercedes-Benz 300 SL "Gull Wings" produced from 1954-1957, it is one of the most sought after collectible vehicles around the world. Known for its iconic "Gull Wing" doors and fascinating design, the Mercedes-Benz 300 SL was technologically years ahead of its time with components such as a direction injection system. In 2011, Mercedes-Benz introduced the SLS AMG, a car inspired by the 1954 300 SL and in the same vein as the orginal, ushered in a new era of supercar leadership.

The history of Mercedes-Benz stretches beyond the Gull Wing Group and this year it is celebrating 125 years of innovation and the anniversary of Carl Benz 1886 patent three-wheel motorwagen with rear-mounted engine, which laid the foundation for motorized transportation that changed the world as we know it today.

Editor's Note:

Fort Point was built by U.S. Army Engineers during the peak of the Gold Rush between 1853 and 1861, as a defense system to protect San Francisco against naval attack. The fort stands at the base of the 4,200 foot long Golden Gate Bridge, towering 746 feet high. Though Fort Point never faced battle, the structure signifies close to 150 years of military history and architecture.

Copyright © 2011, Mercedes-Benz-Blog. All rights reserved.