Daimler AG issues a frosty admonition today alleging “exaggerated demands” by Cerberus Capital Management LP, as the German auto maker negotiates the sale of its remaining 19.9% share of Chrysler LLC to the U.S. private-equity firm. “These demands by Cerberus exceed the value of Cerberus’ investment in Chrysler,” Daimler says in a statement. Cerberus closed on a deal for 80.1% of Chrysler from Daimler in August for €5.5 billion ($7.4 billion at the time of the transaction). Cerberus ...
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