- Fiat Chrysler (FIATY) plans to list ~750M shares at $5.03 each on the NYSE later this year, and could start trading as soon as Aug. 2, pending shareholder approval in August of a proposed merger of the two auto makers, according to a new SEC filing.
- The merger plan must win Fiat shareholder approval at a special meeting scheduled for Aug. 1.
- A "loyalty voting structure" will allow shareholders who hold their stake for three years to have two votes for each share they own, a move that favors the Agnelli family, which has controlled Fiat since its founding and still owns 30% of the company.
From other sites
at MarketWatch.com (Wed, 5:26AM)
at 4-traders.com (Mar 24, 2015)
at Investor's Business Daily (Feb 27, 2015)
at Investor's Business Daily (Jan 28, 2015)
at MarketWatch.com (Jan 12, 2015)
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