Cerberus to Buy Majority of Chrysler for $7.4B

May 13, 2007

Private equity firm Cerberus will buy a majority of DaimlerChrysler’s struggling Chrysler Group for $7.4 billion, a fraction of the $36 billion deal that created the transatlantic car union nine years ago.

*For more on this story,

read the full Reuters article.

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Cerberus to Buy Majority of Chrysler for $7.4B

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