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Jun19
Sources Say Cerberus Capital Management's $7 Billion Purchase of Chrysler Cleared

According to a couple of unnamed sources close to the deal with Cerberus Capital Management and Chrysler, the acquisition has been approved by federal antitrust regulators.

With the Federal Trade Commission making the decision before the usual 30-day review time was up, it usually speaks to their being no additional conditions being put on the deal.

Chrysler%2C%20Cerberus%20deal%20approved%20by%20FTC.jpgCerebus is a private-equity firm which offered to pay DaimlerChrysler AG $7.4 billion for the its U.S. automotive operations. That equates to 80.1 percent of the company. Originally Daimler paid $36 billion (ouch) for the company.

The FTC offered no comment on the information offered by the unofficial sources.

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