Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Wednesday, April 11, 2007

Daimler Will Meet with Some Bidders for Chrysler

A DaimlerChrysler executive will meet this week in New York with three groups that are bidding for Chrysler -- Blackstone Group, Cerberus, and Magna International.  He is apparently not meeting with Kirk Kerkorian, who last week made a surprise bid of $4.5 billion.  His bid is either too late or excessively conditional.  See WSJ, Daimler to See Bidders -- Minus Kerkorian.

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