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Blackstone looks over Chrysler’s books

Blackstone, the world’s biggest buyout firm, has approached DaimlerChrysler about making an offer for its ailing US division, thought to be worth around €10bn, and has been given access to its books, reports the Times. It has approached DaimlerChrysler about a possible bid for Chrysler and is now seen as the leading contender to win control of the company. Blackstone is scrutinising the accounts of the unit before deciding whether to proceed with a formal offer.

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  1. Mar 07   11:42 Posted by The truth about private equity | Interactive Investor Blog [report]

    […] Tuesday-to-Tuesday, headlines have been dominated by falling stock prices around the world but I detect signs of change. In the daily torrent that is Alphaville, the FT’s City Blog, were two stories yesterday that remind me of what used to make the front pages all of about a week ago; Private equity mega-deals. Blackstone, a private equity group, has bought Kylie’s bottom, along with the rest of her, thousands more waxworks and the London Eye. It’s also in the market for Chrysler. […]

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