A New Pileup in the Auto Sector?
The financing deal that will put Chrysler into the hands of private equity firm Cerberus Capital Management hit a speed-bump Wednesday. Bond buyers who were expected to belly up to buy the debt that would finance the buyout, left some $10 billion in bonds on the shelf. While disappointing, it won't be enough to derail the deal, say the executives running the transaction.
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.