Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

Fiat: preliminary tally of investors who want out indicates merger with Chrysler will happen

ROME - Fiat says an ongoing tally of investors suggests there are not enough opposed to a merger with Chrysler to derail the deal.

This month, Fiat shareholders overwhelming approved the merger, but Italian law gives dissenters the right to cash out. Fiat said that if investors cashed out more than 500 million euros ($650 million) in shares, the merger to create Fiat Chrysler Automobiles would be off.

Fiat SpA will announce the final tally by Sept. 4.

The company said Friday that so far the maximum number of shares to be cashed is below the cap.

Sergio Marchionne, CEO of Fiat and Chrysler, said he is "reassured" that most shareholders support the plan. The merger has been in the works since Fiat took a 20 per cent share of Chrysler in 2009.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
The First World War at 100
Why Not Minot?
Welcome to Winnipeg

Social Media

Canadian Mortgage Rates