Cerberus nears deal to buy remaining Chrysler stake

Discussion in 'General Motoring' started by rob, Oct 20, 2008.

  1. rob

    rob Guest

    October 17, 2008 - 12:01 am ET

    NEW YORK (Reuters) -- Private equity firm Cerberus Capital Management LP is
    nearing a deal to buy Daimler AG's remaining stake in Chrysler LLC, sources
    familiar with the talks said.

    Cerberus is in talks with various automakers including General Motors and
    Renault SA involving alliances or a sale of all or part of Chrysler, sources
    have told Reuters.

    Any such deal would hinge on Cerberus acquiring the 19.9-percent stake of
    the third-largest U.S. automaker it does not already own, the sources said.
    Daimler has no interest in participating in a merger between Chrysler and
    another automaker, a person familiar with the German automaker's planning
    said earlier this week.

    Cerberus declined comment while Daimler could not be immediately reached.
     
    rob, Oct 20, 2008
    #1
Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments (here). After that, you can post your question and our members will help you out.
Similar Threads

  1. Free exposure for your chrysler, buy and sell chrysler items FREE

  2. UAE acquired $1 billion stake in DaimlerChrysler in 2005

  3. Daimler mulls GM stake to pay for Chrysler unit: report

  4. Chrysler - did Cerberus blow it?

  5. Chrysler - did Cerberus blow it?

  6. re Cerberus: Inside the Wall Street power-house

  7. Chrysler Nissan Deal: One More Step To Oblivion For Chrysler?

  8. Cerberus stepping up efforts to sell Chrysler

Loading...