Tuesday, May 15, 2007

Chryslers Real Price: Less Than Zero - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times

What a nightmare -- see the article for more details 

The price being paid is $7.4 billion, mostly in the form of capital that Cerberus will put into Chrysler. Of that sum, DaimlerChrylser itself will receive only $1.3 billion, and the German automaker said Monday that the transaction will actually result in a “net cash outflow” of about $678 million.

In essence, DaimlerChrylser, which acquired Chrysler nine years ago in a $36 billion deal, is paying to be rid of the troubled Detroit automaker.

Source: Chryslers Real Price: Less Than Zero - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times

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