Friday, 27 July 2007

Wolfgang Bernhard to become Chrysler chairman-WSJ

(Reuters) - Cerberus and Chrysler were not immediately available for
comment.




Daimler Chrysler AG and Cerberus said
this week they were confident that the landmark $7.4 billion
buyout would close as planned this quarter, despite the
postponement of a $12 billion syndicated loan to finance the
transaction.



Read more at Reuters.com Mergers News

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