Thursday, July 19, 2007

UPDATE 1-Ford to receive bids for Jaguar, Rover - reports

(Reuters) - NEW YORK/MUMBAI, July 19 - The Ford Motor Company
is expected to receive opening bids on Thursday for its
Jaguar and Land Rover brands from a number of companies
including private equity firms and other automakers, the New
York Times reported on Thursday, citing people with direct
knowledge of the situation.




Bidders for the two British car companies are expected to
include Cerberus Capital Management [CBS.UL], the investment
group that purchased the Chrysler Group in May from
DaimlerChrysler , sources said on Wednesday night,
according to the Times.


Read more at Reuters.com Mergers News

No comments: