FTC Clears $7.4 Billion Chrysler Sale

Federal antitrust regulators cleared a private-equity firm’s $7.4 billion purchase of Chrysler from DaimlerChrysler, the Associated Press reported.

A spokesman for Cerberus Capital Management said the Federal Trade Commission made its decision before the end of a standard 30-day review, AP reported.

Early termination of an FTC review typically signifies there will be no conditions placed on the deal, AP said. The commission declined comment.

DaimlerChrysler agreed last month to transfer an 80.1% stake in Chrysler to New York-based Cerberus.

DaimlerChrysler is the parent company of Freightliner LLC, which includes U.S. truck makers Freightliner, Sterling and Western Star.