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Cerberus said to buy Chrysler

Topic: Technology News

Posted on Mon, 14 May 2007 01:20:00 CDT | by Luigi Lugmayr

Cerberus said to buy Chrysler

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The WSJ reports that DaimlerChrysler AG is expected to announce today a deal with Cerberus Capital Management LP.

The private equity firm Cerberus is supposedly the closest to a deal. The Magna group and other seem to be out of the race. How much Daimler is still getting for Chrysler is not known. It will be for sure less the company paid for Chrysler in 1996 ($36 billion).
More details on the WSJ (Subscription).


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Posted on Mon, 14 May 2007 01:20:00 CDT | by Luigi Lugmayr

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