Hedge Fund Looking To Buy Blackwater
Exclusive: Hedge Fund in Talks to Buy BlackwaterPrivate Equity Firm Could Invest At Least $200 Million Into Controversial Security Firm
By MADDY SAUER
April 30, 2008
The hedge fund giant that owns a controlling stake in Chrysler is in negotiations to buy the controversial security firm Blackwater USA, which has millions of dollars in U.S. government contracts in Iraq, according to sources familiar with the talks.
Cerberus Capital Management could invest $200 million for a stake in Blackwater, said a source close to the negotiations. Other sources said auditors from Cerberus had been examining Blackwater's books since the beginning of the year.
A source close to the negotiations says there is no deal yet, but there might be one in the future and that negotiations about a possible investment into Blackwater are ongoing.
A Cerberus spokesman said the company doesn't comment on market rumorsor speculation. Blackwater did not immediately respond to a request for comment.
Cerberus Capital Management could invest $200 million for a stake in Blackwater, said a source close to the negotiations. Other sources said auditors from Cerberus had been examining Blackwater's books since the beginning of the year.
A source close to the negotiations says there is no deal yet, but there might be one in the future and that negotiations about a possible investment into Blackwater are ongoing.
A Cerberus spokesman said the company doesn't comment on market rumorsor speculation. Blackwater did not immediately respond to a request for comment.
Blackwater 'Blood Money' Angers Iraqis
Two Iraqi Families of Victims Killed by Blackwater Guards Tell ABC News They've Refused Compensation From the Company
Two Iraqi Families of Victims Killed by Blackwater Guards Tell ABC News They've Refused Compensation From the Company
posted by Kangaroo Brisbane Australia at 3:51 PM
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