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.
Chrysler has been sold to a a private equity firm... http://www.nytimes.com/2007/05/14/a...436685c58fbebe&ei=5088&partner=rssnyt&emc=rss