- Jun 19, 2007
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]