Description: Cerberus Capital Management LP’s bet on Chrysler survived bankruptcy and the 2008 financial crisis to recoup about 90 percent of the original investment, said two people with knowledge of the matter.
Source: Bloomberg.com
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Date: 12/22/2010
Questions for discussion:
- Evaluate the net value of the deal to Cerberus today.
- Who are the winners and losers in this situation?
- How will automobile financing be affected, as a result of these changes?
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