Kirk Kerkorian, the billionaire whose Tracinda Corp. last year withdrew an attempt to gain control of General Motors Corp., has offered $4.5 billion to buy Chrysler from DaimlerChrysler AG.
Chrysler would be operated as a stand-alone company, Tracinda said in a letter to the German automaker, according to Bloomberg.
However, a new contract would need to be negotiated with the United Auto Workers in order for Tracinda to close the deal, Tracinda said. Also, Chrysler’s unfunded pension liabilities and retiree health-care costs would need to be shared with DaimlerChrysler.
Other interested parties for money-losing Chrysler include Blackstone Group LP and Centerbridge Capital Partners LLC, both of which are private equity firms, along with Magna International Inc. of
Chrysler has pared its