Private equity firms eyeing Chrysler

NYCshopper · 02-23-2007, 11:37 AM

Private equity firms eyeing Chrysler

http://news.yahoo.com/s/nm/20070223/...ivateequity_dc

Quote:

NEW YORK (Reuters) - At least four private equity groups have been in preliminary talks with DaimlerChrysler AG (DCXGn.DE) about buying Chrysler, the Financial Times reported on Friday on its website.

Apollo Management LP, the Blackstone Group, the Carlyle Group, and Cerberus Capital Management LP, as well as several European firms, were contacted about their potential interest in buying the company's loss-making U.S. arm, the paper said, citing people familiar with the matter.

The buyout firms were contacted before last week's announcement by DaimlerChrysler that "all options are on the table" for the unit, the paper said, adding that the discussions continued after the announcement.

In New York Apollo, Blackstone, Carlyle and Cerberus could not immediately be reached

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jigga · 02-23-2007, 11:51 AM

hmm...
i wonder what GM would feel about this..

Kookaburra · 02-23-2007, 12:30 PM

If any private equity firm ends up buying Chrysler, I bet they will get rid some of the kruft and sell it again in 3-5 years.

Kookaburra · 03-04-2007, 11:37 PM

Looks like Blackstone group is close to making a decision.

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02-23-2007, 11:51 AM	#2
jigga Scooby Guru Member#: 9960 Join Date: Sep 2001 Location: in bed... Vehicle: 2002 Impreza WRX WRBlue Perl	hmm... i wonder what GM would feel about this..

02-23-2007, 12:30 PM	#3
Kookaburra Scooby Newbie Member#: 139050 Join Date: Jan 2007 Chapter/Region: MWSOC Location: US and A Vehicle: 2007 Subaru Legacy Newport Blue	If any private equity firm ends up buying Chrysler, I bet they will get rid some of the kruft and sell it again in 3-5 years.

03-04-2007, 11:37 PM	#4
Kookaburra Scooby Newbie Member#: 139050 Join Date: Jan 2007 Chapter/Region: MWSOC Location: US and A Vehicle: 2007 Subaru Legacy Newport Blue	Looks like Blackstone group is close to making a decision.