Cerberus nears sale of Chrysler

first_img Monday 20 December 2010 9:21 pm Show Comments ▼ KCS-content Share Cerberus nears sale of Chrysler whatsapp whatsapp Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Toronto-Dominion Bank is close to an agreement to buy Chrysler Financial from US private equity firm Cerberus Capital Management for $6.3bn (£4.1bn), it was reported last night.Cerberus, which is led by co-founder Stephen Feinberg, would retain about $1bn in assets as part of the deal, the Wall Street Journal said.TD spokesman Wojtek Dabrowski said the bank does not comment on market rumours or speculation.Toronto-Dominion is Canada’s second-largest bank, and it owns just under half of online broker TD Ameritrade. last_img

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