Many were expecting an ugly, long drawn out battle between estranged couple Tom Cruise and Katie Holmes. Hollywood’s mega couple announced their pending divorce only last week and it was expected that each side would put up a big fight for their daughter Suri, age 6. Much to everyone’s surprise both camps announced this morning that a settlement has been reached privately and quietly. What the terms of this agreement are are currently unknown but both sides have issued statements saying that they are happy with the quick and peaceful resolution. Katie and Tom also issued a joint statement today expressing their wishes to keep their personal matters private and reiterating their mutual commitment to the best interests of their daughter and their mutual respect for one another as parents.