WRAPUP 1-Daimler, Cerberus spar over Chrysler decline

Newswire

* Cerberus demands compensation for Chrysler deal * Demand is for more than $7.2 billion * Cerberus says Daimler mismanaged vehicle financing * Daimler says Cerberus position 'difficult to comprehend' By Maria Sheahan and Kevin Krolicki FRANKFURT/DETROIT, Nov 26 (Reuters) - Private equity firm Cerberus [CBS.UL] is demanding more than $7 billion from Daimler AG over losses that followed its 2007 acquisition of Chrysler LLC in a bitter dispute that could overshadow a plea for U.S. ...

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