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Cerberus chairman says has no plans for IPO-CNBC

Wed Jul 11, 2007 2:59pm EDT

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Mergers & Acquisitions  |  IPOs

CHICAGO, July 11 (Reuters) - Cerberus Capital Management [CBS.UL] has no plans to launch an initial public offering as Blackstone Group LP (BX.N) and KKR & Co. LP [KKR.UL] have, Chairman John Snow said on Wednesday.

"No, I don't think that is in the cards for us," Snow said in an interview on CNBC. "We prefer to be as we are, a private investment firm."

Blackstone sold $4.1 billion in an IPO in June, while KKR filed earlier in July for a $1.25 billion IPO.

(Reporting by David Bailey)

((Editing by Phil Berlowitz; Reuters Messaging: david.bailey.reuters.com@reuters.net; e-mail: david.bailey@reuters.com; +1 312-408-8135)) Keywords: CERBERUS IPO/

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