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DaimlerChrysler Cuts Deal to Sell Chrysler Group

Mon, 14 May 2007 09:52:00 EDT | NPR News Headlines

The German auto giant DaimlerChrysler will sell a controlling stake of the struggling Chrysler Group for $7.4 billion. The buyer is a private-equity firm, Cerberus Capital Management. DaimlerChrysler will keep a 19.9 percent stake in the new Chrysler Holding LLC.


Stocks Mostly Higher on Chrysler News

Mon, 14 May 2007 10:45:00 +0000 | Newsvine

Wall Street traded mostly higher Monday, with investors welcoming news that a private equity group will buy more than 80 percent of Chrysler Group.


Early market signals mixed, Cerberus outbids Magna to acquire Chrysler

Mon, 14 May 2007 08:55:00 -0400 | CANOE Money

TORONTO (CP) - Global indicators were mixed for North American stock markets early Monday amid news that DaimlerChrysler AG will sell control of its money-losing Chrysler Group to private-equity firm Cerberus Capital for US$7.4 billion, shutting out a bid led by Canada's Magna International Inc. (TSX:MG.A).


Chrysler sold for $7.4B

| Findory News

Toronto Star: DaimlerChrysler will sell 80.1 per cent of its money-losing Chrysler Group to private-equity firm Cerberus Capital Management for $7.4 billion , dashing a bid from Canadian auto parts titan Magna International and unwinding a 1998 merger.


DaimlerChrysler to sell controlling stake of Chrysler to Cerberus

| Findory News

Houston Chronicle: DaimlerChrysler AG will sell 80.1 percent of its money-losing Chrysler Group to private equity firm Cerberus Capital Management LP for $7.4 billion, the company announced today, undoing a 1998 merger aimed at creating a global auto giant.


Cerberus to Buy 80 Percent of Chrysler

| Findory News

International Business Times: German-based DaimlerChrysler said Monday it will sell almost all of money-losing Chrysler to a private equity firm for $7.4 billion, backing out of a troubled 1998 takeover aimed at creating a global automotive powerhouse.


Chrysler Group to Be Sold for $7.4 Billion

Mon, 14 May 2007 13:09:42 EDT | New York Times

DaimlerChrysler confirmed today that it would sell a controlling interest in its struggling Chrysler Group to Cerberus Capital Management of New York.


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