Posted by mike on 2007/4/6 7:16:53 (1322) reads
From Yahoo! News...
Billionaire investor Kirk Kerkorian, who lost out in Chrysler's 1998 merger with Daimler-Benz, wants to buy the troubled automaker back from its now-unhappy German owners.
Kerkorian's wholly owned investment company, Tracinda Corp., on Thursday made a $4.5 billion cash offer for DaimlerChrysler AG's U.S.-based Chrysler unit.
A deal would put Kerkorian in charge of Chrysler a decade after he claims he was tricked out of potentially billions of dollars in the 1998 deal in which Germany's Daimler-Benz joined with Chrysler in the so-called "merger of equals."
Long an active investor in automakers, the 89-year-old former movie mogul once offered $22.8 billion for Chrysler in an unsuccessful 1995 takeover bid.
Read the full article.
The comments are owned by the poster.
We aren't responsible for their content.
You must login or register to post a comment.