Showing posts with label deal. Show all posts
Showing posts with label deal. Show all posts

Monday, May 14, 2007

Daimler Sold Its Majority Stake In Chrysler


Daimler sold Chrysler to Cerberus Capital Management.Cerberus Capital Management will take an 80.1-percent chunk of Chrysler, while DCX holds on to the remaining 19.9-percent.Cerberus Capital Management will pay $7.4 billion for the majority stake.The entire deal is expected to close by the third quarter of this year.