Wednesday, July 11, 2007

Daimler down on talk of Chrysler financing problems

(Reuters) - FRANKFURT, July 11 - DaimlerChrysler shares fell more than 2 percent on Wednesday on market talk of possible financing difficulties for the sale of U.S. carmaking arm Chrysler to Cerberus, traders said, but Daimler said it was not aware of any difficulties.



Traders cited talk that Cerberus [CBS.UL] had difficulties financing the purchase of Chrysler, a deal made in May this year and which is scheduled to close in the third quarter.


Read more at Reuters.com Bonds News

No comments: