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DaimlerChrysler Extends Tender Offer for Detroit Diesel

12 September 2000

DaimlerChrysler Extends Tender Offer for Detroit Diesel

    STUTTGART, Germany and AUBURN HILLS, Mich., Sept. 12 DaimlerChrysler announced today that it has extended its $23.00
per share cash tender offer for all of the outstanding shares of Detroit
Diesel Corporation .  The tender offer, as extended, will expire at
5 p.m. Eastern Daylight Savings Time on Monday, September 25, 2000.  As of the
close of business on September 11, 2000, the number of shares of Detroit
Diesel common stock that had been validly tendered was 17,879,854, including
guaranteed deliveries, which, together with DaimlerChrysler's current
ownership amounts to more than 98% of the outstanding common stock of Detroit
Diesel.  DaimlerChrysler confirmed that it had completed filing of its
pre-merger notification under the Hart-Scott-Rodino Act in the US and the
required antitrust notification with the European Commission.