Cerberus agrees to buy bankrupt Tower Automotive for $1 billion - Instablogs

Cerberus agrees to buy bankrupt Tower Automotive for $1 billion - Instablogs

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Cerberus agrees to buy bankrupt Tower Automotive for $1 billion

Balendu , Delhi: Mar 29 2007

Made Popular Mar 29 2007

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In the latest of a series of moves to acquire distressed automotive assets, Cerberus has agreed to buy most of auto-parts maker Tower Automotive’s assets for about $1 billion. The sale of assets would help Tower to emerge from bankruptcy...

Tags: Merger & Acquisition, Cerebus, Tower Automotive, Business

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