Speculation is that Cerberus Capital Management's deal to buy Chrysler Group from Germany's DaimlerChrysler AG will be a watershed moment, giving impetus for General Motors Corp. and Ford Motor Co. to change their pension and other employee benefit p Speculation is that Cerberus Capital Management's deal...
We seriously doubt that Cerberus Capital Management, the private equity firm that is taking an 80.1% stake in Chrysler, will be running the money-losing automaker well into this century, if even well into the next decade. Look instead for Cerberus to We seriously doubt that Cerberus...
GREENWICH, Conn. -- United Rentals, Inc. (NYSE: URI) today announced that its stockholders have approved the merger agreement providing for the purchase of the company by affiliates of Cerberus Capital Management, L.P. At a special meeting held earlier today, approximately 99.8 percent of the votes cast were in favor of...
PHOENIX -- Nine "under-performing" grocery stores in the Phoenix area are slated to be shuttered by their owner, Albertsons LLC, a holding of the New York-based investor group Cerberus Capital Management LP. Cerberus was one of three partne PHOENIX -- Nine "under-performing" grocery stores in the...
General Motors sold a majority of its General Motors Acceptance Corp. unit last month to a group led by Cerberus Capital Management LP for $7.4 billion. The 51 percent stake in GMAC includes Cerberus, along with ... General Motors sold a majority of its...
Ex-Kmart HQ, riverfront developments announced Two major real estate projects were announced this week: a $300 million redevelopment of the former Kmart Corp. headquarters in Troy and a $60 million project on the Detroit riverfront. * The Pavili Ex-Kmart HQ, riverfront...
Byline: Brent Snavely, Automotive News Ron Burkle, Yucaipa Cos. L.L.C. The powerful friend of former President Clinton may soon control 70 percent of the U.S. car-hauling business. Burkle stepped into the Chapter 11 case of Decatur, Ga.-based Byline:...
Cerberus buys Chrysler for $7.45B Private-equity group Cerberus Capital Management will take control of the Chrysler Group in a transaction valued at $7.45 billion, Automotive News reported. DaimlerChrysler AG announced the Cerberus deal Monday Cerberus buys Chrysler for $7.45B ...
Dealing with troubled businesses can be a lucrative enterprise, especially in the case of Cerberus Capital Management. The Manhattan-based company makes successful bets on underperforming firms. Today, 15-year-old Cerberus runs 10 hedge funds with Dealing with troubled businesses can be a lucrative enterprise,...
Byline: Angie DeRosa Struggling building-products maker Royal Group Technologies Ltd. now is receiving interest from several other potential buyers after equity firm Cerberus Capital Management LP bid C$1.3 billion (US$1 billion), its offer hinged Byline: Angie DeRosa Struggling building-products maker...
Danske bank, the largest bank in Denmark, has vacated its U.S. headquarters at 299 Park Ave., giving up a lease that will be taken over by Cerberus Capital Management. Danske, which acquired two Irish banks in the last year, will concentrate on Eu ...
Byline: SHRUTI DATE SINGH Shares of SSA Global Technologies Inc. have surged 70% since an initial public offering last spring, but the stock may be stymied until the company's two largest investors signal what they intend to do with their stakes. Byline:...
BOISE, Idaho -- Cerberus Capital Management LP has named Robert Miller, currently chairman of Rite Aid Corp., as the next chief executive officer of the Albertsons Inc. operations. In a pact that is expected to be finalized this summer, a Cerberus-le BOISE, Idaho -- Cerberus Capital...
GREENSBORO -- New York-based Cerberus Capital Management is buying Guilford ... GREENSBORO -- New York-based Cerberus Capital Management is buying Guilford Mills for $107 million. The fate of Guilford's 2,600 employees hadn't been decided.
625 N. Michigan goes on sale block Chicago real estate firm Jones Lang LaSalle has been hired to market 625 N. Michigan, a 27-story office building with prime, street-level retail tenants Coach and Johnston & Murphy, sources say. The price is 625...
Ex-wife of La Shish founder pleads guilty to tax charge Elfat El Aouar, former wife of La Shish Restaurants Inc. founder Talal Chahine, pleaded guilty Tuesday to one count of aiding and abetting tax evasion. El Aouar and Chahine were indicted by...
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