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11/21/2009 •
News & Analysis > Auto Finance

New Investor Group Enters $12.5 billion Bid for GMAC

March 15, 2006
 
March 15, 2006
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A new group of investors has entered a bid for General Motor's financing arm. According to a report in the Wall Street Journal, a group headed by private equity firm Kohlberg Kravis Roberts & Co. has sumitted a non-binding bid valued at between $12.5 billion and $13 billion for GMAC.

For the entire story, please visit KKR leads nonbinding $12.5-13 bln GMAC bid: WSJ.

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