real-time news and commentary for investors
Tuesday, Oct 15
Putting a number to Chrysler's value
- A federal filing indicates that the union healthcare fund holding a 41.5% stake in Chrysler (FIATY.PK) valued the position at $3.6B at the end of last year.
- The disclose gives negotiators a good starting point in their effort to work out a deal to divest the position and avoid a partial Chrysler IPO.
- The total value of Chrysler would be close to $8.7B based an extrapolation of the estimate.