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US/Italy: Chrysler IPO threatens Fiat involvement

By  |  September 24, 2013

As Chrysler Group looks to prevent a full-on merger with shareholder Fiat, reports say the Italian car company is threating to end future commitments to the US-based company should an initial public offering sale be successful.

Reports say the United Auto Workers Trust, which owns the 41.5 percent stake in Chrysler not owned by Fiat, is looking to sell its stake on the market. Fiat, however, is looking to prevent the IPO and instead force the trust to sell its stake to Fiat at an agreed-upon price.

Fiat is reportedly offering $1 billion less than what the trust is looking for.

Full Content: Businessweek

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