ProStockJunkie
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Cerberus to Buy 80.1% Stake In Chrysler Group - WSJ.com
MUNICH -- Private equity group Cerberus Capital Management will take control of the Chrysler group in a transaction valued at $7.45 billion (5.5 billion euros).
DaimlerChrysler AG announced the Cerberus deal this morning. An affiliate of Cerberus will acquire 80.1 percent of Chrysler, while DaimlerChrysler will retain 19.9 percent.
A press conference is scheduled for 2 p.m in Stuttgart, 8 a.m. Detroit time.
hope they don't kill the challenger now....
MUNICH -- Private equity group Cerberus Capital Management will take control of the Chrysler group in a transaction valued at $7.45 billion (5.5 billion euros).
DaimlerChrysler AG announced the Cerberus deal this morning. An affiliate of Cerberus will acquire 80.1 percent of Chrysler, while DaimlerChrysler will retain 19.9 percent.
A press conference is scheduled for 2 p.m in Stuttgart, 8 a.m. Detroit time.
hope they don't kill the challenger now....