One bidder left for Chrysler?Gail Edmondson
Ever since Chrysler has been on the block, my sources have cautioned that the company is not worth a penny if the buyer takes over Chrysler’s sizeable health and pension liabilities — estimated at around $20 billion. Instead DaimlerChrysler will need to offer a dowry to unload it’s unprofitable US unit. So if a bidder puts $5 billion on the table, for example, Daimler will have to help pay the lion’s share of the liabilities to clinch the sale.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Fewest Jobless Claims Since 1973 Show Firm U.S. Job Market
- Greenwich Mansion Listings Pulled to Wait for a Better Day
- U.S. Stocks Climb With Treasuries as Dollar Slides: Markets Wrap
- The U.K.'s $86 Billion Pension Problem Is About to Solve Itself
- Germans Are Going Wild for a Show Set During the Dawn of the Nazis