Automobile World

Monday, May 14, 2007

Cerberus looks set to win Daimler’s Chrysler unit
By Gina Chon, Jason Singer, Dennis K. Berman and Jeffrey McCracken
The Wall Street Journal Europe
14 May 2007

DaimlerChrysler AG looked set to announce as soon as today a deal to sell a controlling stake in Chrysler Group to private equity firm Cerberus Capital Management LP, in a move that will allow the German auto maker to shed Chrysler’s $18 billion in... read more...

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