It's a go: Federal regulators clear Cerberus' purchase of Chrysler
Without even waiting for the usual 30-day review period to end, US Government antitrust regulators have officially cleared the purchase of Chrysler by Cerberus Capital Management. While the sale won't officially close until Q3, this means that it won't face any regulatory hurdles or conditions. It's good news for Cerberus, and all are waiting to see if it's good news for Chrysler. However, in light of Cerberus' interest in Jaguar and Land Rover, for Cerberus it could just mean one down and two to go.
[Source: Detroit News]
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Reader Comments (Page 1 of 1)
Rolf B 8:34PM (6/19/2007)
This might be a good thing, like I'm suprised. Now they can bring back the Plymouth name to sell the subcompact cars from China.
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Barney 5:50PM (6/19/2007)
Here I thought it was a given. I hadn't thought about ant-trust laws. I guess money don't buy everything without government approval.
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Kendall Tawes 11:17PM (6/19/2007)
I knew it would go through no matter what but I would really like to see Cerberus do some real good for this company. Some nice well built small cars might be a nice start.
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