Fiat Chrysler, PSA merger to include loyalty scheme: prospectus

The merger between Fiat Chrysler and French rival PSA will include a loyalty share scheme to reward long-term investors in the new group and help prevent future takeover attempts, the prospectus for the planned tie-up showed.

FILE PHOTO: A Fiat Chrysler Automobiles sign is at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File PhotoMILAN: The merger between Fiat Chrysler and French rival PSA will include a loyalty share scheme to reward long-term investors in the new group and help prevent future takeover attempts, the prospectus for the planned tie-up showed.

In December, Italian-American car maker Fiat Chrysler and PSA agreed to combine in a US$38 billion all-share deal, uniting brands such as Fiat, Jeep, Dodge, Ram and Maserati with the likes of Peugeot, Opel, Citroen and DS.The companies said in the prospectus that each may terminate the tie-up agreement if the merger were not completed by June 30, 2021 due to a failure to obtain the necessary regulatory approvals.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fiat Chrysler, PSA win EU antitrust okay for US$38 billion mergerFiat Chrysler and French rival PSA gained EU antitrust approval on Monday for their US$38 billion merger to create the world's No.4 carmaker after ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

After long journey, Fiat Chrysler and PSA to seal merger to become StellantisFiat Chrysler and PSA will seal their long-awaited merger on Saturday to create Stellantis, the world's fourth-largest auto group with deep enough ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

After long journey, Fiat Chrysler and PSA seal merger to become StellantisFiat Chrysler and PSA will seal their long-awaited merger on Saturday to create Stellantis, the world's fourth-largest auto group with deep enough ... Being cancer-stricken and begging CPF Board to repay overdue debt; that which in any case cannot be done as the money had been commingled and funneled to private entity Temasek Holdings for Ho Ching to wager on unviable, untenable and ultimately, invariably doomed gambles Worst name ever
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »