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AUBURN HILLS, Mich. (AP) - Private equity firm Cerberus Capital Management LP may be the top contender to buy control of DaimlerChrysler AG's struggling Chrysler Group, though other bidders remained in the mix, according to newspaper reports Saturday.
Cerberus has been holding extensive discussions with Chrysler's parent, Germany's DaimlerChrysler, The Detroit News and The Wall Street Journal reported, citing anonymous sources they described as familiar with the talks.
Among the other companies reportedly interested in Chrysler are Canadian auto parts supplier Magna International Inc., a consortium of investors led by Blackstone Group and General Motors Corp. Billionaire investor Kirk Kerkorian, who tried to take control of Chrysler in the 1990s, also has said he would make a bid.
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