Wednesday, July 25, 2007

Chrysler buyout loan delayed but deal said on track

(Reuters) - DaimlerChrysler and Cerberus Capital Management, Chrysler's intended buyer, both said they were confident the landmark buyout would close as planned in this quarter.




Market sources told Reuters Loan Pricing Corp. that underwriters remained committed to providing the needed financing for the deal, which marks the first time that a buyout firm has taken over a major U.S. automaker.


Read more at Reuters.com Mergers News

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