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Chrysler Group to Be Sold for $7.4 Billion - New York Times
nytimes.com — DaimlerChrysler confirmed today that it will sell a controlling interest in its struggling Chrysler Group to Cerberus Capital Management of New York, a private equity firm that specializes in restructuring troubled companies. The price being paid is $7.4 billion, mostly in the form of capital that Cerberus will put into Chrysler.
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