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Thursday, March 01, 2007

Private equity groups eye Chrysler

We all know Chrysler is having some problems these days... It seems as if some privately owned companies have their eye on the ill-fated auto maker. Here's a snip:

At least four private equity groups have been in preliminary talks with DaimlerChrysler about buying Chrysler, and could emerge as bidders in the auction for the German carmaker’s US subsidiary.

According to people familiar with the matter, Apollo Management, Blackstone, Carlyle, and Cerberus Capital Management - as well as several European firms - were contacted about their potential interest in acquiring Chrysler before last week’s announcement by DaimlerChrysler that “all options are on the table” for the unit. Those discussions continued after the announcement, these people said.


From this article.

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