UPDATE 1-Three funds hold out in Chrysler debt deal-sources

Newswire

(Adds details on holdouts, byline) By Poornima Gupta DETROIT, April 29 (Reuters) - Three fund management companies that have Chrysler LLC's secured debt were holding out against the automaker's proposed restructuring terms as of Wednesday afternoon, two people briefed on the closed-door negotiations said. Oppenheimer Funds, Perella Weinberg Partners and Stairway Capital were unprepared to accept the U.S. Treasury's offer of $2 billion in cash to extinguish $6.9 billion in secured debt, ...

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