DaimlerChrysler to auction off Chrysler
02-19-2007, 09:24 AM
#1
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DaimlerChrysler to auction off Chrysler
http://custom.marketwatch.com/custom/excite-com/news-story.asp?guid={E567B891-0CAF-4667-B719-7759BA6716E4}
Daimler Chrysler is set to launch an auction for its Chrysler unit as
early as this week by sending information on the struggling division to
several potential bidders, according to a published report.
The Times of London reported on its Web site Monday that the car
company's adviser, J.P. Morgan, will provide interested parties with
private information, such as data on current trading, as part of the
auction.
In Detroit, some homeowners with negative equity have been known to push
their keys through the letterbox and vanish. Daimler Chrysler may be
looking to seek a similar walk-away solution for its Chrysler property,"
said Citigroup analyst John Lawson.
Lawson suggested that health-care liabilities mean the company is valued
anywhere between 2 billion euros and minus 3 billion euros.
Analysts at Morgan Stanley, however, valued Chrysler around 5 billion
euros ($6.6 billion) after accounting for liabilities.
I think it's gone beyond rumor at this stage.
--
FRH
Daimler Chrysler is set to launch an auction for its Chrysler unit as
early as this week by sending information on the struggling division to
several potential bidders, according to a published report.
The Times of London reported on its Web site Monday that the car
company's adviser, J.P. Morgan, will provide interested parties with
private information, such as data on current trading, as part of the
auction.
In Detroit, some homeowners with negative equity have been known to push
their keys through the letterbox and vanish. Daimler Chrysler may be
looking to seek a similar walk-away solution for its Chrysler property,"
said Citigroup analyst John Lawson.
Lawson suggested that health-care liabilities mean the company is valued
anywhere between 2 billion euros and minus 3 billion euros.
Analysts at Morgan Stanley, however, valued Chrysler around 5 billion
euros ($6.6 billion) after accounting for liabilities.
I think it's gone beyond rumor at this stage.
--
FRH
02-19-2007, 01:37 PM
#5
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Re: DaimlerChrysler to auction off Chrysler
On Mon, 19 Feb 2007, Thoth1126@gmail.com wrote:
> I REALLY REALLY hope Hyundai does not by Chrysler.
>
For whatever it is worth, Hyundai has publicly said that its hands are
full and that it isn't looking to buy Chrysler.
I wonder if the auction will require buying the whole package or if the
company might be broken up.
--
"We began to realize, as we plowed on with the destruction of New Jersey,
that the extent of our American lunatic fringe had been underestimated."
Orson Wells on the reaction to the _War Of The Worlds_ broadcast.
> I REALLY REALLY hope Hyundai does not by Chrysler.
>
For whatever it is worth, Hyundai has publicly said that its hands are
full and that it isn't looking to buy Chrysler.
I wonder if the auction will require buying the whole package or if the
company might be broken up.
--
"We began to realize, as we plowed on with the destruction of New Jersey,
that the extent of our American lunatic fringe had been underestimated."
Orson Wells on the reaction to the _War Of The Worlds_ broadcast.
02-19-2007, 01:37 PM
#6
Guest
Posts: n/a
Re: DaimlerChrysler to auction off Chrysler
On Mon, 19 Feb 2007, Thoth1126@gmail.com wrote:
> I REALLY REALLY hope Hyundai does not by Chrysler.
>
For whatever it is worth, Hyundai has publicly said that its hands are
full and that it isn't looking to buy Chrysler.
I wonder if the auction will require buying the whole package or if the
company might be broken up.
--
"We began to realize, as we plowed on with the destruction of New Jersey,
that the extent of our American lunatic fringe had been underestimated."
Orson Wells on the reaction to the _War Of The Worlds_ broadcast.
> I REALLY REALLY hope Hyundai does not by Chrysler.
>
For whatever it is worth, Hyundai has publicly said that its hands are
full and that it isn't looking to buy Chrysler.
I wonder if the auction will require buying the whole package or if the
company might be broken up.
--
"We began to realize, as we plowed on with the destruction of New Jersey,
that the extent of our American lunatic fringe had been underestimated."
Orson Wells on the reaction to the _War Of The Worlds_ broadcast.
02-19-2007, 01:37 PM
#7
Guest
Posts: n/a
Re: DaimlerChrysler to auction off Chrysler
On Mon, 19 Feb 2007, Thoth1126@gmail.com wrote:
> I REALLY REALLY hope Hyundai does not by Chrysler.
>
For whatever it is worth, Hyundai has publicly said that its hands are
full and that it isn't looking to buy Chrysler.
I wonder if the auction will require buying the whole package or if the
company might be broken up.
--
"We began to realize, as we plowed on with the destruction of New Jersey,
that the extent of our American lunatic fringe had been underestimated."
Orson Wells on the reaction to the _War Of The Worlds_ broadcast.
> I REALLY REALLY hope Hyundai does not by Chrysler.
>
For whatever it is worth, Hyundai has publicly said that its hands are
full and that it isn't looking to buy Chrysler.
I wonder if the auction will require buying the whole package or if the
company might be broken up.
--
"We began to realize, as we plowed on with the destruction of New Jersey,
that the extent of our American lunatic fringe had been underestimated."
Orson Wells on the reaction to the _War Of The Worlds_ broadcast.
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