Fiat Chrysler Stock Jumps on Media Report of a Buyout Offer; EUR 18/$20 FVE Unchanged
Shares of no-moat, 4-star-rated Fiat Chrysler have traded approximately 9% higher since Automotive News reported on Aug. 14 that the company had received a bid from a “well-known Chinese automaker.†The article also stated that management rejected the bid, since it included only a “small premium†above the current market price. If the media report is accurate, we think management’s rejection was warranted. In our opinion, a small premium over the current market valuation does not reflect the com...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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