A PYMNTS Company

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    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

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.