Exclusive: Daimler rebuffs Geely offer to buy stake; Geely still hopeful of a deal - sources

HONG KONG/BEIJING (Reuters) - Daimler AG has turned down an offer from China's Geely to take a stake of up to 5 percent via a discounted share placement, as the German automaker has long been reluctant to see existing shareholdings diluted, sources with knowledge of the talks said.

from Reuters: Business News http://ift.tt/2ij1ZCZ