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Cerberus Confident on Purchase of Chyrsler

1195 Views 0 Replies 1 Participant Last post by  rickaren
Wed Jul 11, 2007 2:31PM EDT

ROCHESTER, Michigan (Reuters) - Cerberus Capital Management Chairman John Snow said on Wednesday the private equity firm was 'confident' in securing Chrysler financing and sees the deal closing in the current quarter.

Snow also said the firm has no plans for an "exit strategy" regarding the Chrysler investment.

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