Fiat Chrysler Proposes Merger with Renault; Maintaining FVEs: FCA at EUR 28 and RNO at EUR 90
No-moat-rated Fiat Chrysler has submitted a nonbinding letter to Renault, also no-moat rated, proposing a 50/50 merger of equals where the shareholders of each company would receive an equivalent stake in the merged entity. To even-up the differences in market equity value, Fiat Chrysler shareholders would receive a EUR 1.60 special dividend per share (EUR 2.5 billion) plus spin-off shares of Comau, the industrial robotics company owned by Fiat Chrysler. If Comau is not spun-off, Fiat Chrysler s...Fiat Chrysler Automobiles is a holding company. Through its subsidiaries, Co. is an international automotive group engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems. Co. has operations in approx. 40 countries and sells its vehicles directly or through distributors and dealers in more than 140 countries. Co. designs, engineers, manufactures, distributes and sells vehicles for the mass market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands and the SRT performance vehicle designation.
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