Skadden Represents DaimlerChrysler AG In Sale of Stake in Chrysler

Skadden is representing DaimlerChrysler AG (Germany) as co-counsel in its US$7.4 billion sale of an 80% stake in Chrysler Holding LLC (a special purpose entity formed to hold automobile manufacturer Chrysler Corporation LLC and Chrysler Financial Services LLC) to an affiliate of private equity firm Cerberus Capital Management, L.P.

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