Rules guiding Chrysler's sale are cleared (Dealscape

Bankrupt Chrysler LLC received approval late Tuesday night, May 5 for bidding procedures associated with the sale of its assets to stalking-horse bidder Fiat SpA for $2 billion in cash plus the assumption of liabilities and infusion of technology.

Judge Arthur Gonzalez of the U.S. Bankruptcy Court for the Southern District of New York in Manhattan around 11 p.m. approved the sales rules to culminate a seven and a half hour-long hearing, calling the procedures appropriate and necessary.

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NOT A SUBSCRIBER? Rules guiding Chrysler's sale are cleared Posted on May 6, 2009 12:30 PM Bankrupt Chrysler LLC received approval late Tuesday night, May 5 for bidding procedures associated with the sale of its assets to stalking-horse bidder Fiat SpA for $2 billion in cash plus the assumption of liabilities and infusion of technology. Judge Arthur Gonzalez of the U.S. Bankruptcy Court for the Southern District of New York in Manhattan around 11 p.m. approved the sales rules to culminate a seven and a half hour-long hearing, calling the procedures appropriate and necessary. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 311 articles related to Fiat SpA 271 articles related to Chrysler LLC 52 in-depth reports of Bankruptcy M&A deals in the Automotive sector 18 company pages related to Chrysler 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Skadden Arps Idearc Inc. Deutsche Bank Amusement parks Deb Shops Windstream Corp. Concho Resources Hanna Andersson Tween Brands Edward Bastian		EXISTING USERS Username Password Forget your password? Missing a product?

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