Cerberus acquiring majority of Chrysler Group for $7.4 billion

Sushubh

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Oct 29, 2004
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Cerberus acquiring majority of Chrysler Group for $7.4 billionPrivate equity firm Cerberus has confirmed that they are going to buy a majority of DaimlerChrysler’s struggling Chrysler Group.They are going to pay $7.4 billion for this deal. For this price, they would get a 80.1 percent stake in Chrysler and its related financial services business.Chrysler President [...]

Cerberus acquiring majority of Chrysler Group for $7.4 billion