Wednesday, July 11, 2007

Cerberus says committed to Chrysler

(Reuters) - Cerberus had agreed to buy the majority of automaker
DaimlerChrysler's struggling Chrysler Group for $7.4
billion in May.




The comments came as DaimlerChrysler shares fell more than 2
percent on Wednesday on market talk of possible financing
difficulties for the sale of Chrysler to Cerberus.


Read more at Reuters.com Mergers News

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