Tag Archives: won’t be waived or raised

Fiat’s Chrysler merger payout cap won’t be waived or raised

Fiat will not call a shareholders’ meeting to waive or raise the €500 million ($668 million) limit it has set for paying out dissenters in its merger with Chrysler, the carmaker said Tuesday.

CEO Sergio Marchionne wants to incorporate the two carmakers into Dutch-registered Fiat Chrysler Automobiles, paving the way for a U.S. listing to help fund an ambitious investment plan at the world’s No. 7 auto group.