How do you like that? The deal's just barely two months old, and the Kuwaiti money firm Investment Dar is claiming they've already received offers worth $720 million for the luxury carmaker Aston Martin. Despite the high-dollar bid, a ID spokesman told reporters the company will probably hold onto its stake for at least a year before selling a portion of it,
"We have a plan and strategy that we would love to see implemented before thinking seriously about selling..."
They're going to wait a whole year working on their plan for the automaker before the sell the sucker? Wow, I'm totally buying that whole argument on Wall Street now about how private equity isn't as fickle as the equity markets. Chrysler, you are hereby warned.
Kuwait buyer of Aston Martin gets $720 mln offers [Reuters.co.uk]