Possible Chrysler Sale

Discussion in 'Station Wagon Lounge' started by tbirdsps, Apr 5, 2007.

  1. tbirdsps

    tbirdsps New Member Charter Member

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    Apr 5, 3:49 PM (ET)

    By KEN THOMAS

    p {margin:12px 0px 0px 0px;}
    NEW YORK (AP) - Billionaire investor Kirk Kerkorian, who lost out in Chrysler's 1998 merger with Daimler-Benz, wants to buy the troubled automaker back from its now-unhappy German owners.
    Kerkorian's wholly-owned investment company, Tracinda Corp., on Thursday made a $4.5 billion cash offer for DaimlerChrysler AG' (DCX)s U.S.-based Chrysler unit.
    A deal would put Kerkorian in charge of Chrysler a decade after he claims he was tricked out of potentially billions of dollars in the 1998 deal in which Germany's Daimler-Benz joined with Chrysler in the so-called "merger of equals." Long an active investor in automakers, the 89-year-old former movie mogul once offered $22.8 billion for Chrysler in an unsuccessful 1995 takeover bid.

     
  2. wagonmaster

    wagonmaster Administrator Staff Member Moderator

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    Wow, he could get Chrysler for a real bargain!
     
  3. wagonmaster

    wagonmaster Administrator Staff Member Moderator

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  4. tbirdsps

    tbirdsps New Member Charter Member

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    They claim to want to "grow" the company. No layoffs.

    We'll see.
     
  5. wagonmaster

    wagonmaster Administrator Staff Member Moderator

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    It will be chopped up and sold to grow their wallets.:(
     

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