Regulators Clear Chrysler Purchase

[NoGOPZone]

Source: Associated Press via Yahoo! News

Federal antitrust regulators have cleared Cerberus Capital Management's $7 billion purchase of Chrysler, two people close to the deal said Tuesday.

The Federal Trade Commission made its decision before the end of a standard 30-day review, according to two people, who spoke on condition of anonymity because they were not authorized to speak publicly on the matter. Early termination of an FTC review typically signifies there will be no conditions placed on the deal.



Read more: http://biz.yahoo.com/ap/070619/cerberus_daimlerchrysler.html?.v=4

[musiclawyer]

1. Not that asyone expected a diffrerent result

Now the three headed dog can begin negotiations to outsource production of all Chrysler cars to Asia. They might keep making minivans here. In about 5 years, they'll turn around and make a nice profit selling off to Hyundai or somebody really in the business or making cars.

[depakid]

2. Daimler gets rid of a dog

and my bet is that most everyone else in the company loses.