Daimler Hands Chrysler to Cerberus, Ends Nine-Year Investment

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Daimler Hands Chrysler to Cerberus, Ends Nine-Year Investment

05-14-2007, 07:56 AM

al76slc

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Join Date: Mar 2006

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Daimler Hands Chrysler to Cerberus, Ends Nine-Year Investment

http://www.bloomberg.com/apps/news?pid=20601087&sid=af3dBz1lPZ2U&refer=home

What a disaster!

Anybody see anything positive that came out of it?

Also Chrysler worth only $7.4B (for 80%) so only $9.25B for 100%??? Seems cheap.

Wall Street Journal etc. (Dow Jones) worth $5B to Murdoch.

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