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    Broken Deal for United Rentals

    In the summer of 2007, Cerberus agreed to buy 100% of United Rentals, the world's largest equipment rental company and traded on the NYSE. After the credit markets began to tighten in August, Cerberus attempted to reduce the deal price. United Rentals refused to reprice the deal, and in November sued in the Delaware Court of Chancery for specific performance (i.e., a court mandate that Cerberus complete the deal). Cerberus took the position that the deal agreements capped its liability for walking away from the deal at $100 million. After a two-day trial, Delaware Chancellor William B. Chandler, III ruled for Cerberus in a closely watched decision, allowing it to pay United Rentals the agreed-upon $100 million "reverse termination fee" and terminate the merger agreement. [17]

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    Notes and references

    1. 2007 Awards for Excellence — Best Private Equity House: Cerebus
    2. 2009/01/16/business/16madoff.html?fta=y
    3. search?q=cache:Mn0ajPzxOYAJ:s.wsj.net/public/resources/documents/st_madoff_victims_20081215.html+madoff+victim+gabriel&hl=en&ct=clnk&cd=4&gl=us
    4. 4.0 4.1 4.2 Cerberus indirectly linked to Madoff scandal
    5. 5.0 5.1 Dan Gerstein: Chrysler's Hidden Coffers Forbes, December 10, 2008
    6. autoshow/2009/03/30/718/
    7. "Inquiry Started of Financier Who Invested With Madoff", New York Times (January 16, 2009)
    8. gmac-may-file-for-bankruptcy-tomorrow/
    9. Cerberus+Capital+Management/articles/52/Cerberus+Capital+Management+CHRYSLER+LLC+GMAC
    10. gmac-leasing-debacle-bankruptcy-fears-loom-large/
    11. news/businessfinance/54703/index7.html
    12. 2009/01/07/ny-judge-restrains-merkin-funds-in-madoff-lawsuit/
    13. Jonathan Cable and Marc Jones. Reuters. "Cerberus buys troubled Torex for 204 mln stg". 20 June 2007
    14. hasen/spages/1064448.html
    15. DPMS Acquired By Cerberus. Joins Bushmaster and Remington.
    16. CBS sells Austin’s KEYE to private equity firm
    17. Law Blog - WSJ.com : Chancellor Chandler Hands Cerberus a Big Win
    来自"/Cerberus%E8%B5%84%E6%9C%AC%E7%AE%A1%E7%90%86%E5%85%AC%E5%8F%B8"
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