Arab Today, arab today fiat to get full control of chrysler
Last Updated : GMT 15:09:25
Arab Today, arab today
Arab Today, arab today

Fiat to get full control of Chrysler

Arab Today, arab today

Arab Today, arab today Fiat to get full control of Chrysler

Washington - SPA

Fiat SpA said it would get full control of Chrysler Group LLC in a $4.35 billion deal, ending a standoff that had clouded the future of both companies. The deal, which helps clear the way for consolidation of the two auto makers, assumes a value for Chrysler at just over $10 billion, within the $9 billion to $12 billion valuation that banks underwriting a proposed initial public offering (IPO) had been considering. The IPO now will be called off, a person familiar with the plans said.

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