It seems General Motors Corp.'s rumored efforts to sell its medium-duty truck
business to Navistar International Corp. were overshadowed by Cerberus Capital
Management LP's purchase of the Chrysler Group. The news about such a deal
first surfaced on
Sunday
in the Flint (Mich.) Journal. However, most larger publications —
TheDeal.com included — overlooked the story on Monday morning. It wasn't until
late Tuesday, when the Chicago Tribune picked up the story that it garnered
national interest. —Matthew Wurtzel
Paulson's proposal to purchase an equity stake in Yellow Pages publisher Idearc is the second time in recent months an investor group has used its prepetition debt position to execute a bargain price 'exit LBO.'