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DETROIT (AP) - Shares of DaimlerChrysler AG pushed to a new 52-week high on Friday as speculation swirled that a Canadian auto supplier and a private equity partner would bid for Chrysler, the German company's ailing U.S. arm.
KeyBanc Capital Markets analyst Brett Hoselton said in a note to investors that his sources, whom he did not identify or describe, tell him that Canadian auto supplier Magna International Inc. and a private equity partner have written a joint letter offering to buy Chrysler for $4.6 billion to $4.7 billion.
The talk comes as investors, markets, employees and suppliers have been itching to find out who will buy Chrysler. There have been constant rumors that one suitor or the other will soon make a multibillion dollar bid.
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