Quayle says Cerberus holding out for good deal
Posted on October 25th, 2008 • by Bill Cawthon
Cerberus hasn’t made any official public comments about its discussions with other automakers, but according to the Phoenix Business Journal, former Vice President Dan Quayle, who is chairman of Cerberus Global Investments, told a group in Phoenix this week the company would hold out for a good deal.
“The analysts are looking at it,” Quayle said. “We’re not going to do the deal unless it’s a positive for our investors. We don’t buy companies based on growth stories. We do not price our companies that way. … We’re opportunity investors.”
Cerberus Global Investments is an international unit of Cerberus Capital Management LP.
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