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WASHINGTON (AP) - Federal antitrust regulators have cleared Cerberus Capital Management's $7.4 billion purchase of Chrysler. Peter Duda, a Cerberus spokesman, said Tuesday that the Federal Trade Commission made its decision before the end of a standard 30-day review.
Early termination of an FTC review typically signifies there will be no conditions placed on the deal. The FTC declined to comment Tuesday.
DaimlerChrysler agreed last month to transfer an 80.1 percent stake in its money-losing Chrysler unit to New York-based Cerberus.
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