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Regulators Clear Chrysler Purchase

Federal antitrust regulators have cleared Cerberus Capital Management's $7 billion purchase of Chrysler, according to people close to the deal, the Associated Press reports.

The Federal Trade Commission made its decision before the end of a standard 30-day review, according to two people, who spoke on condition of anonymity because they were not authorized to speak publicly on the matter. Early termination of an FTC review typically signifies there will be no conditions placed on the deal.

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