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The Wall Street Journal reports that investors in the main hedge funds of New York-based private equity firm Cerberus Capital Management LP want out and are asking for the return of more than $5.5 billion, or about 71 percent of fund assets.
Relations between Chrysler's current and former owners turned ugly Wednesday when private equity firm Cerberus Capital Management LP accused Daimler AG of "intentionally and materially" misleading Cerberus before the German automaker sold Chrysler last year.
Maybe Daimler wants to cut its losses on Chrysler, or Cerberus Capital Management wants to own the U.S. automaker outright. Whatever the motivation, the companies confirmed Wednesday that talks are under way for Daimler to sell its remaining 19.9 percent stake in Chrysler to the private equity firm.
After running Chrysler LLC for a year, Cerberus Capital Management LP must be wondering if its mascot, the three-headed dog that guards the gates of hell, is protecting it from the underworld or leading it into the flames.
Cerberus Capital Management L.P. agreed Monday to pay United Rentals Inc. a $100 million breakup fee for dropping its $4 billion purchase of the equipment-rental company.
H&R Block Inc. said Tuesday that a deal to sell its troubled mortgage lending arm has fallen through, forcing it to scrap most of the $1 billion business.
Behind the $5 billion Cerberus bailout in auto world on clarkhoward.comOld news to remind us of what our government does with our money in the name of bailouts and the little guy.
Leveraging Billion Dollar Connections In CongressCerberus has for years had a nasty reputation on Wall Street as a fierce player and hard nosed negotiator, which is its right. Everything Congress is not. In this game of risk, connections and being ruthless make all the difference.
Chrysler's Hidden Coffers -- Why is Cerberus, one of the world's richest private equity firms, begging for a bailout?Buried on the business page of The New York Times Saturday were the details of Detroit's biggest snow job yet--literally as well as figuratively.
Dirge of Cerberus: Final Fantasy VII - Cheats, Hints and Unlockables for PS2Dirge of Cerberus: Final Fantasy VII - Cheats, Hints and Unlockables for PS2
Cerberus Buys Chrysler! - Associated ContentThe big news from Detroit has everyone talking.
Chrysler sold for $7.4bnAnother private equity coup. After seeing how much money Daimler crysler have lost on this venture it will be interesting to see how much Cerberus make on it.
Outsourcing Walter ReedThe administration outsources all the care giving at Walter Reed to people who give them campaign contributions and then complains that the problem is that you cannot fire government employees.
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