Tuesday, November 20, 2007
economy dogs Cerbrus
--WJ respected names are being battered by upheaval in the credit markets and economy at large
--Cerbrus want ed to renegotiate the $4 bil buyout deal of United Rentals, higher bid than rivals
--the ordeal might be a turnabout for Cerbrus.
--Cerbrus is a $5.5 bil fund
--51% stake of GMAC using $14 bil, which is dragged down by the loss in ResCap, a mortgage unit
--Another Morgage firm controlled by Cerbrus, Ageis Mortgage Corp, is underwater. It was ranked 13th among subprime-morgage lenders in U.S.
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