Tuesday, July 3, 2007

UPDATE 1-EU approves Cerberus purchase of Chrysler

(Reuters) - BRUSSELS, July 3 - U.S. buyout firm Cerberus Capital Management [CBS.UL] won approval from the European Commission on Tuesday to buy U.S. carmaker Chrysler from DaimlerChrysler .



The deal was approved under a special simplified procedure because neither customers nor competitors had lodged any objections, the Commission said.


Read more at Reuters.com Mergers News

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