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Thread: Chrysler....a bid has been made!
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03-23-2007 #1
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Chrysler....a bid has been made!
Just saw this on Automotive News.
Canadian supplier Magna International Inc. has joined with a private equity group to make an offer to buy the Chrysler group from DaimlerChrysler.
Magna and its partner have made an offer to buy Chrysler for $4.6 billion to $4.7 billion, according to Brett Hoselton, an analyst for KeyBanc Capital Markets. In his March 23 report, Hoselton cites sources at Magna but does not name the private equity partner.
According to Hoselton, Magna's stake would be worth 20 to 25 percent of the Chrysler group.
"While MGA views its offer as low and unlikely to prevail, the company also views it as an opportunity to purchase an inexpensive stake in the automaker should the other buyers retreat," Hoselton wrote.
Later - Craig
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'70 Chevelle (in storage now, probably will never be back on its wheels again!)
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03-26-2007 #2
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Yeah, a couple have been made. Magna isn't that serious either. They're trolling.
Johnny C.
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70 'cuda, Pro-Charged 408 stroker, Tremec 5 speed, Strange S-60, Alter-k-tion, Tri 4, Hydroboost and Wilwoods
03-27-2007 #3
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They should just put it on eBay. See what happens.
1968 Pro-Touring Camaro LS1
Project: Next Year
- Start date; June '01
- Completion; Sometime next year or the year after.....
03-27-2007 #4
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Sell to the Chinese!
Johnny C.
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70 'cuda, Pro-Charged 408 stroker, Tremec 5 speed, Strange S-60, Alter-k-tion, Tri 4, Hydroboost and Wilwoods
03-27-2007 #5
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LOL! As long as the reserve isn't hit yet, I'll shill the bidding some to help ol Chrysler out, lol.
Originally Posted by trapin
They should just put it on eBay. See what happens.
03-28-2007 #6
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Nice, NO RESERVE! $.02 starting bid. Originally Posted by trapin
They should just put it on eBay. See what happens.Later - Craig
[email protected]
'70 Chevelle (in storage now, probably will never be back on its wheels again!)
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