New Investor Group Enters $12.5 billion Bid for GMAC

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00003421-new-investor-group-enters-125-billion-bid/

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.