Cerberus says approached Daimler on Chrysler stake

Newswire

DETROIT, Sept 24 (Reuters) - Private equity group Cerberus Capital Management said on Wednesday that it had approached Daimler AG for a possible sale of the German automaker's remaining stake in Chrysler LLC. "Cerberus confirms that it has approached Daimler about the possible redemption of its 19.9 percent stake in Chrysler," Cerberus said in a statement. "We are currently in discussions." Cerberus also said that in the event of a sale of Daimler's remaining stake, all existing ...

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