Blackstone, Centerbridge plan to bid for Daimlerchrysler's (NYSE: DCX) Chrysler group - Bloomberg

Blackstone, Centerbridge plan to bid for Daimlerchrysler's (NYSE: DCX) Chrysler group - Bloomberg. Blackstone, Centerbridge to signal intent today.

Reports GM Could Stay Out of Early Bidding for Chrysler

According to reports from Reuters, General Motors (NYSE: GM) is not likely to make a first-round bid for DaimlerChrysler's (NYSE: DCX) Chrysler unit. The reports said GM is more likely to watch from the sidelines and may consider buying various Chrysler assets that buyout firms do not want. With GM staying out of early bidding, this would leave auto-parts supplier Magna Intl. (NYSE: MGA) and various private equity firms as the bidders when proposals are due Friday.

Detroit News Reports General Motors (GM) Still Has Bid on Table for DaimlerChrysler's (DCX) Chrysler Division

The Detroit News reports General Motors (NYSE: GM) still has a bid on the table for DaimlerChrysler's (NYSE: DCX) Chrysler division. The article states GM's bid has 3 components, but none of which include a cash payment (according to sources). The deal would include GM giving DCX a minority stake in GM with roughly less than 10% of GM stock, plus payoff $1 billion in Chrysler's health care costs then seek concessions for UAW workers.

The article continues by saying other potential suitors has stepped up, however, GM and Chrysler are still in talks and have met several times

Dow Jones Reports Magna Int'l (MGA) has Contacted Major Labor Unions as Part of Due Diligence Process For Possible Acquisition of Chrysler (DCX)

Dow Jones report says Magna Int'l (NYSE: MGA) has contacted major labor unions as part of the due diligence process in a decision on whether or not to bid from DaimlerChrysler's (NYSE: DCX) Chrysler unit.
The report cites Canadian Auto Workers President, Buzz Hargrove, saying Magna has entered into discussions with the union regarding the study of Chrysler.

Reports DaimlerChrysler AG Could Take GM Stake As Part of Chrysler Deal

According to reports from the Financial Times, DaimlerChrysler AG (NYSE: DCX) may take a minority stake in General Motors (NYSE: GM) as financial consideration for a deal to merge with the Chrysler unit.

Analyst Notes Rumors Magna International (MGA) Could Be Interested in Chrysler group

In a note this afternoon from KeyBanc on Magna International (NYSE: MGA), analyst Brett Hoselton notes that a source at Toronto's Financial Post said MGA may be considering acquiring the Chrysler group from DaimlerChrysler (NYSE: DCX). The analyst views this as a low probability event.

Magna International is an auto-parts maker based in Ontario.

GM In Talks To Purchase Chrysler Group - Report - DJ

GM (NYSE: GM) In Talks To Purchase Chrysler Group (NYSE: DCX) - Report - DJ

Daimlerchrysler (DCX) Higher on Rumors of Chrysler Unit Fate

Shares of Daimlerchrysler AG (NYSE: DCX) are higher on rumors the company could sell or spin-off the Chrysler unit. The company said no options will be excluded in the Chrysler revamp.