Why Did Daimler AG’s Stock Rise 11% Last Month?

Why Did Daimler AG’s Stock Rise 11% Last Month?

The rise was triggered after the shareholders of Daimler AG approved a spin-off of the truck and bus business as an independent company, Daimler Truck Holding AG, and the renaming of Daimler AG as Mercedes-Benz Group AG effective 1st February 2022.