[AP] Cerberus to Pay $7.4B for Chrysler Stake

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Skye
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[AP] Cerberus to Pay $7.4B for Chrysler Stake

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FRANKFURT, Germany (AP) -- German-based DaimlerChrysler said Monday it will sell almost all of money-losing Chrysler to a private equity firm for $7.4 billion, backing out of a troubled 1998 takeover aimed at creating a global automotive powerhouse....



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