HeidelbergCement plunged 11% on news its founder, billionaire Adolf Merckle, was hit and killed by a train. Merckle, most recently famous for getting caught in the Volkswagen short squeeze, is apparently considered instrumental to ongoing negotiations with lenders.
Ouch.
HeidelbergCement falls on report Merckle dead [The Guardian]
Update: There are some reports that Merckle actually threw himself in front of the train. Double ouch. I hope he wasn’t a Made-off victim.

Comments (4)

  1. Posted by guest | January 6, 2009 at 10:37 AM

    Who gets hit by a train? It would have been funnier had he died while speeding in his Porsche.

  2. Posted by guest | January 6, 2009 at 10:38 AM

    I think Porsche did have something to do with his death, didn’t it?

  3. Posted by guest | January 6, 2009 at 10:43 AM

    ok ok Merckle (Adolf??) could he have been involved with Madoff, who screwed the Simon Wiesenthall Foundation=Mossad revenge? (I did not even mention Nazi’s)

  4. Posted by guest | January 6, 2009 at 10:46 AM

    Suicide confirmed by family:
    http://www.nytimes.com/aponline/2009/01/06/business/AP-EU-Germany-Obit-Merckle.html
    Unless, of course, Merckle pulled a Madoff to protect his family, too.

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