Fiat (Sergio) is not happy with pending Chrysler IPO

[ferraritoviper]

http://www.dailyfinance.com/2013/09...makers-value-dispute-fiat-veba/#!slide=977327

 

[Bobpantax]

It is an interesting story. So far, it is not moving the Fiat stock price one way or the other.

FIAT S P A SP ADR ORD NEW: $8.33

I guess it is perceived as just one of the moves in the continuing dance between Fiat and the Union. My money is still on Sergio.

 

[ACRucrazy]

Good! Go Chrysler!

 

[Bobpantax]

It is a proposed 100 million dollar offering. Because this is small, it appears to be an attempt to obtain some leverage in the share pricing dispute that is pending in the Delaware court between Chrysler, Fiat and the Union. It would be a bit of a disruption in the overall plan for Fiat to complete the acquisition of Chrysler and then somehow obtain a listing on the NYSE. A number of different ways have been bandied about to do that. One of them was a downstream merger into Chrysler and a listing of Chrylser shares. Another had to do with moving Fiat's headquarters. There are many moving pieces to this chess game. It will be interesting to see how it turns out.