Chrysler hedge fund holdouts reject offer-US official


WASHINGTON, April 30 (Reuters) - A small group of hedge funds rejected a final opportunity to restructure auto maker Chrysler LLC outside of bankruptcy in negotiations with the U.S. Treasury, an Obama administration offical said on Thursday. U.S. officials had offered Chrysler's secured lenders $2.25 billion in cash in exchange for forgiving their first lien debt, the official said. "Their failure to act in either their own economic interest or the national interest does not diminish the ...

Premium Content (PAID Subscription Required)

"Chrysler hedge fund holdouts reject offer-US official" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×