Fiat said that equity holders will not give up on Chrysler's ratio column

Posted on 8/13/2014 11:26:44 AM

Fiat would not say that shareholders give up or raise 459 million euros ($ 635 million) limit has been fixed in its merger with Chrysler paid dissident says carmakers.

CEO Jim Williams hopes the two carmakers Fiat Netherlands registered Chrysler paved the way for the United States list, to finance in the global automotive group on the 6th an ambitious investment plan.

But fusion can not be successful, at least for now except if it is required to pay carmakers million € more than 483 kinds of investors who decide to sell their shares, the exercise of legal rights resulting from the decision-making Fiat their registered office in Italy.

"If the cap must be overcome, the company chose to re-convene an interim meeting of shareholders, the meeting can simply use the old merger plan, which will lead to determine the cash price of a new start," Fiat said in a statement.

Fiat issued a statement this month, Marchionne reiterated comments made in response to a report in Italian newspaper La Repubblica, Fiat ready to raise the self-imposed cap, in order to ensure as planned, the Union will continue said.

In the merger now, dissenting investors can average closing price for the six months prior to the merger document issued an action starting price of € 6628 to sell its stake in basis.

Malchow has repeatedly said he wants to raise the threshold of 459 million euros, preferring to re-start the melting process, "according to their own conditions."

If you decide to build a new merger terms, the starting price will likely give Fiat shares smallest decline this week, so it's easier to oppose the investor paid for the car manufacturer does not exceed the upper limit of € 4,890,000.

Fiat said that to create a fair competition law does not lead to significant operational cost savings or synergies, and failed to get the final green light to what action the league will not have an impact in its current form.

However, the failure would be embarrassing Marchionne, who is the Fiat and Chrysler, because they help save carmaker went bankrupt in 2009, but also can improve the future financing costs, analysts said.

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