Ford expecting bids for Jaguar and Land Rover |
| International Herald Tribune - Jul 19, 2007 |
Ford is expecting opening bids for Jaguar and Land Rover from a variety of companies, including private equity firms and possibly other automakers, people with direct knowledge of the situation said.
One bidder for the two British car companies is expected to be Cerberus Capital Management, the investment group that purchased the Chrysler Group in May from DaimlerChrysler, these people said Wednesday night.
Other potential bidders include Ripplewood Holdings, a group headed by Thomas Stallkamp, a former president of Chrysler. One Equity Partners, another investment firm whose senior partners include Jacques Nasser, the former chief executive of Ford, may also take part in the opening round of bids on Thursday.
Read Full Article from International Herald Tribune
- Posted: 2007-07-19 10:05:17
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