(Reuters) - The newspaper reported private equity firm Cerberus Capital Management [CBS.UL] had lodged a bid for Chrysler on Friday. The Detroit News has reported Blackstone Group and the Canadian auto supplier Magna International Inc are also expected to bid.
Chrysler, the No. 4 U.S. automaker and home to the Jeep, Chrysler and Dodge brands, was put into play in mid-February, when DaimlerChrysler Chief Executive Dieter Zetsche announced the company was keeping all options open for the unit.
Read more at Reuters.com Mergers News
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