
Fiat will spend less than the limit the carmaker set to buy shares from investors who opted to sell ahead of its merger with Chrysler Group, clearing a key hurdle before the deal can close.

Fiat will spend less than the limit the carmaker set to buy shares from investors who opted to sell ahead of its merger with Chrysler Group, clearing a key hurdle before the deal can close.
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Following shareholder approval of the proposed merger of Fiat and Chrysler, Sergio Marchionne, who heads both companies, now faces an uncertain few months as he waits to find out if he has to postpone the tie-up because too many shareholders want to be bought out.