Diamler offered an Out from Chrysler Merger

It looks like Kirk Kerkorian is finally tired of changing things at GM and decided to just run his own car company.

Tracinda Corp., the investment vehicle owned by billionaire Kirk
Kerkorian, said on Thursday it has sent a letter to DaimlerChrysler (DCXGn.DE)
offering to acquire the money-losing Chrysler unit for $4.5 billion.

In a letter to DaimlerChrysler's supervisory board, Tracinda said that
it is willing to post a $100 million deposit as a sign of good faith.

$100 million is quite a good faith deposit. I think Daimler without Chrysler would be a pretty good buy as well. And it looks like quite a few people are agreeing with me too bidding the stock price up by 4.4% in 4 times the average volume.