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March 26, 2007
Canadian auto parts supplier Magna International and a private-equity partner have offered to buy Chrysler for $4.7 billion, according to leftlanenews.com which cites a report by KeyBanc Capital Markets analyst Brett Hoselton.
Hoselton says the bid is low but no one seems to know what the company is worth. Estimates range between $0 and $13 billion.
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