DaimlerChrysler Bidding War – rpmGo.com

As you probably know, DaimlerChrysler’s US Division is for sale, and it appears a bidding war has started, as DaimlerChrysler’s stocks closed at $82.36, highest value since August 2000. So far, it seems that Magna International Inc, in association with an unknown private-equity firm placed a $4.6 billion offer. Offers are also expected from Cerberus Capital Management and a partnership of the Blackstone Group and Centerbridge Partners. However, none of these information is official and we’ll have to wait and see what happends.

Via detnews.

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