(Bloomberg) -- Chrysler's sale to Cerberus Capital
Management LP will be completed after banks agreed to keep $10
billion of loans that investors refused to buy.
The DaimlerChrysler AG unit scrapped the sale of loans after
banks led by JPMorgan Chase & Co. failed to find demand, said
investors who were briefed on the decision. In addition to the
banks, Cerberus and DaimlerChrysler agreed to assume $2 billion
of loans.
Read more at Bloomberg Bonds News
Management LP will be completed after banks agreed to keep $10
billion of loans that investors refused to buy.
The DaimlerChrysler AG unit scrapped the sale of loans after
banks led by JPMorgan Chase & Co. failed to find demand, said
investors who were briefed on the decision. In addition to the
banks, Cerberus and DaimlerChrysler agreed to assume $2 billion
of loans.
Read more at Bloomberg Bonds News
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