Daimler sheds Chrysler to private equity firm (Reuters)

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May 14th, 2007, 09:03 PM

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Daimler sheds Chrysler to private equity firm (Reuters)

Reuters - DaimlerChrysler AG
(DCXGn.DE) shed most of its stake in the money-losing
Chrysler Group by agreeing to pay a $1.55 billion sweetener to
clinch a deal for a private equity firm to take over the
automaker.

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