Cerberus gets antitrust OK to buy GMAC

Newswire

WASHINGTON, April 25 (Reuters) - A consortium led by hedge fund Cerberus Capital Management has received U.S. antitrust approval to acquire General Motors Acceptance Corp (GMAC), the finance arm of General Motors Corp , U.S. officials said on Tuesday. Antitrust authorities completed their review of the deal, valued at about $14 billion, without taking any action to block it, the U.S. Federal Trade Commission said in a notice. To raise cash, the world's largest automaker earlier this ...

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