By on July 4, 2014

A new Fiat Chrysler Automobiles sign is pictured after being unveiled at Chrysler Group World Headquarters in Auburn Hills, Michigan

Own any shares in Fiat S.p.A.? The automaker just announced it will hold its next general assembly of all shareholders August 1, where the topic of discussion will be the approval of the merger of Fiat with Chrysler Group to become Fiat Chrysler Automobiles N.V.

Reuters reports shareholders will also be asked to approve the merger of Fiat with its wholly owned subsidiary Netherlands Fiat Investments N.V. prior to the FCA vote. The meeting would allow CEO Sergio Marchionne to list FCA on the New York Stock Exchange by October at the earliest.

Those who approve FCA’s existence will receive one FCA common share for every Fiat share they hold, while those against will have the right of withdrawal for the next 15 days, with the redemption price set to €7.727 ($10.51 USD) per Fiat share.

Get the latest TTAC e-Newsletter!

Recommended

One Comment on “Fiat Sets Date Of Shareholder Meeting For August 1...”


  • avatar
    Lorenzo

    The Agnelli Family controlled company Exor is the largest shareholder of Fiat S.p.A., and though they don’t have a majority (30%), they likely have lined up enough votes to make the proceedings follow the desired outcome. I personally have no faith in Sergio Marchionne’s ability to efficiently run a car company, but have to admit he’s an extraordinary deal maker. This is his biggest deal yet, and a brilliant one. I wonder how many minor shareholders will cash out, but I’m guessing it won’t be many at that price.

Read all comments

Back to TopLeave a Reply

You must be logged in to post a comment.

Recent Comments

  • dantes_inferno: FCA motto: Dodge testing. RAM into production.
  • Schurkey: A few years back, I treated myself to a Challenger 5.7 Hemi rental car for several days when vacationing on...
  • SCE to AUX: I was shocked to see an SSR in the wild the other day. The Hummer EV will do better, but I wouldn’t...
  • SCE to AUX: Yeah, I’ll bet the engineers didn’t think of that. Have you seen the armor plate under the...
  • CaddyDaddy: Ya, but when Dalton got to Missouri and the Roadhouse, the Riv was the one to go with for the Dirty Work.

New Car Research

Get a Free Dealer Quote

Who We Are

  • Matthew Guy
  • Timothy Cain
  • Adam Tonge
  • Bozi Tatarevic
  • Chris Tonn
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber