This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

9 Biggest Deals Left From the Buyout Boom

In 2006 and 2007, Cerberus could not get enough of Chrysler. The New York-based buyout firm first bough GMAC, the finance arm of the automaker, now called Ally Bank, for roughly $7.4 billion. Cerberus then bought an 80% stake in automaker Chrysler from Daimler (DDAIF) in 2007 for an additional $7.4 billion, after German owners could not turn the struggling automaker around.

In 2009, when Chrysler and General Motors went bankrupt and the "Big Three" U.S. automakers dropped to one, Cerberus shed its Chrysler holding to the U.S. government after the automaker was rescued from a messy bankruptcy. It also lost all but 15% of its stake in GMAC after a credit market freeze required multiple billion dollar plus government injections. Cerberus kept its ownership of Chrysler Financial, which it later sold in 2010 to Toronto-Dominion Bank (TD) for $6.3 billion, recoupling a significant piece of its original auto investment.

6 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
DDAIF $91.79 0.00%
APO $22.06 0.00%
C $53.07 0.00%
BX $41.85 0.00%
BAC $15.56 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs