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Cerberus to buy the rest of Chrysler from Daimler: no longer a rumor

by David Zatz on

According to Reuters, as quoted in Automotive News, Cerberus is planning to buy the remaining 19.9% of Chrysler from Daimler. The deal could be finalized by the end of October, and would be a strong vote of confidence in Chrysler’s future.

Daimler spokesman Han Tjan has confirmed that Daimler is talking with Cerberus about selling its remaining stake in Chrysler.

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