Chrysler has been SOLD for $7.4 billion dollars. The seller keeps 20% of the business, leaving the door open for economies-of-scale benefits and some giving/sharing/taking opportunities between Benz and the Chrysler Group. The buyer is Cerberus Capital Management, a private equity management firm whose Chairman is former Treasury Secretary John Snow. Daimler-Benz paid $37 billion for Chrysler in 1998 in a so-called 'merger of equals'. The Good Buyer at GoodValueBadValue has done a great cost analysis.
Head on over to goodvaluebadvalue.blogspot.com
Monday, May 14, 2007
BREAKING NEWS - CHRYSLER
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