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Old 10-27-2008, 09:04 AM   #11
XDCX
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Join Date: Nov 2007
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Quote:
Originally Posted by dealer3100 View Post
http://www.nypost.com/seven/10182008...wel_134146.htm

Cerberus ruins another company?????
That's interesting. While I had read that headlines about the Mervins failure I didn't know that Cerberus was involved with the company.

The part of the news report that indicated that Cerberus increased the rent factor for the stores shortly after their investment sounded like a page from their playbook. There's no question that Cerberus is willing to play hardball when it comes to executing their strategy.
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