A top DaimlerChrysler AG executive is scheduled to meet in New York this week with bidders for the firm’s Chrysler unit but it appears that billionaire Kirk Kerkorian’s Tracinda Corp. isn’t among those on the invitation list, The Wall Street Journal reported.
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Tracinda, which announced a US$4.5bn bid for Chrysler late last week, was working up to the last minute in hopes of being included in the scheduled round of meetings with DaimlerChrysler executive Rudiger Grube, a management-board member and head of strategy, the Journal said.
However, a meeting between Grube and Tracinda is not scheduled, people familiar with the matter said in the WSJ.
Grube is scheduled on Wednesday to kick off meetings with representatives from the tandem of Blackstone Group and Centerbridge Capital Partners LP; Cerberus Capital Management LP; and a partnership between Canadian auto-parts supplier Magna International Inc. and private-equity firm Ripplewood Holdings Inc., the Journal said.
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