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Fiat to pay up to $300 million for Chrysler shares
06-28-2012, 02:42 PM (This post was last modified: 06-28-2012 03:08 PM by car fanatics.)
Post: #1
Fiat to pay up to $300 million for Chrysler shares
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Photo credit: Fiat
June 28, 2012
By: CF staff

[Image: 7128782291_4d0e9f1b3f_b.jpg]

Fiat is expected to increase its stake in Chrysler to 61.9% from 58.5% as early as next week by purchasing shares held by a large trust fund that provides health care for retired union workers, people familiar with the matter said.

Fiat would exercise an option to buy a small number of shares in Chrysler from the United Auto Workers retiree healthcare trust early next week, these people said. The option allows Fiat to buy a 3.3% stake. In rounded figures, that will increase Fiat's stake to 61.9%

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06-28-2012, 05:21 PM
Post: #2
RE: Fiat to pay up to $300 million for Chrysler shares
does Fiat even have $300 million? laugh Chrysler's making all the money!

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2000 Dodge Neon ES
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