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Kerkorian makes $4.5 billion bid for Chrysler

Kirk Kerkorian, once Chrysler's biggest shareholder, has sent a letter to DaimlerChrysler offering to buy the struggling automaker back for $4.5 billion, according to CNN.
Kerkorian is proposing to take the automaker private, and his bid is contingent upon reaching a deal on a new labor agreement with the United Auto Workers union, CNN says.

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