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Chrysler pulls IPO

Chrysler (FIATY) files to withdraw its IPO.

The development wasn't unexpected after Fiat worked out a deal with an UAW medical benefits fund to buy outs its stake in Chrysler.

The automaker says that a private transaction with Fiat North America precludes the need for an IPO.


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Comments (1)
  • Quoth the Raven
    , contributor
    Comments (2130) | Send Message
    Either that or the 300M used to deliver the documentation to file the IPO committed suicide, disintegrating all documentation, en route after passing a Bentley dealership and seeing what a real luxury sedan looks like.
    22 Jan 2014, 03:46 PM Reply Like
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