Categorized | Odds & Ends

Chrysler For Sale. Sold.

The biggest piece of business news this morning is the sale of 80 percent of Chrysler to a private equity firm, Cerberus Capital. As John Berlau, I’m sure, will comment, the fact that a private equity firm is doing this may result in part from Sarbanes-Oxley. Particularly for a vastly complicated company like Chrysler, it must be very attractive to escape from the “Sarbox trap.” I don’t think that can explain the entire rise of private equity or this merger but, if nothing else, Sarbox has given private equity firms more capital to take over major companies.



This Post has No Responses, Be the First to Comment


Comments are closed.

  • Popular
  • Most Comments
  • Most Emails

About

OpenMarket.org is the blog of the Competitive Enterprise Institute. We believe that people improve their lives not through government regulation, but by making their own choices in a free marketplace. More››

Support Liberty


Give $5 each month to support our efforts to restore America's liberty.

Social Web