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1991 420 SEL
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52 Posts
Discussion Starter #1
Chrysler Group to Be Sold for $7.4 Billion . Amazing deal - Daimler, AG paid $36 billion for the acquisition back in 1998. Now , they get back just $1.5 Billion and 20% stake.
 

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Premium Member
1990 SEC
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4,247 Posts
Daimler got a good deal.

Chrylser is a HUGE liability. If anyone can turn that company around without going through bankruptcy to ditch the pension and healthcare liabilities, they are nothing less than magicians.

An object/asset is only worth what somebody is willing to pay.

In this case, Daimler announced an action for Chrysler and just a couple of bidders showed up.

Cerberus is a private equity fund with an enormous appetite for risk. I wouldn't want to be a limited partner in the fund myself, but if they can turn a profit on Chrysler......... more power to them.
 

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Registered
1991 420 SEL
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52 Posts
Discussion Starter #3
Yeah, actually Diamler had to pay 700 million to rid of Chrysler. Chrysler has 18 billion in pension/healthcare liabilities.
 
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