will include a loyalty scheme for long-term investors in the new group and help prevent future takeover attempts, the prospectus for the planned tie-up shows.
In December, Italian-American carmaker Fiat Chrysler and France’s PSA agreed to combine in a $38 billion all-share deal, uniting brands such as Fiat, Jeep, Dodge, Ram and Maserati with the likes of Peugeot, Opel, Citroen and DS. Shareholders who hold shares of Stellantis - as the merged group will be known - for an uninterrupted period of at least three years may receive a special voting share in addition to each common share, the companies said in the prospectus.
Such a move could concentrate Stellantis’ voting power in a small number of shareholders, making management changes and takeover attempts more difficult, they added. Stellantis will have a Dutch-domiciled parent company and its shares will be listed in Paris, Milan and New York.
Let's just hope a big corporation swallowing up smaller brands doesn't go the way of the last lot, British Leyland, in the 70s
every god damned one of em burn oil too
good