ROCHESTER, MI – Cerberus Capital Management LP has no plans to resell Chrysler Group after its $7.4 billion deal to buy 80.1% of the Detroit auto maker closes later this quarter, the equity firm’s top executive says. “We never buy a company with an exit strategy,” Chairman John Snow says in his address to the Detroit Economic Club here. Cerberus, which has holdings in various companies generating $60 billion annually, brings freedom to the table when it makes investments, he says. The ...
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