Cerebus Purchase of Chrysler May Become Official Today

Date 2007/8/3 8:44:59 | Topic: Miscellaneous

Could today be the day that Chrysler Group is once again an American car company?

We just saw this article on iWon Money that indicates that might be the case:
A historic deal that places Chrysler Group in the hands of private equity firm Cerberus Capital Management LP was expected to close Friday, according to a Chrysler official who asked not to be named because the deal was not yet completed.

The $7.4 billion deal was announced in May. Under the terms, DaimlerChrysler AG will transfer an 80.1 percent stake in Chrysler to New York-based Cerberus. Daimler will retain a 19.9 percent interest in the company.

This article comes from mike's totally free jeep news now

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