Monday, May 14, 2007
Daimler loses its shorts on Chrysler
According to the AP, "Private equity firm Cerberus will buy a majority of DaimlerChrysler's struggling Chrysler Group for $7.4 billion, a fraction of the $36 billion deal that created the transatlantic car union nine years ago"...by my calculations, that is an 80% loss on the investment...
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1 comment:
It's even worse when you look at the numbers that Dealbreaker.com bandied about yesterday.
http://www.dealbreaker.com/2007/05/post_219.php
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