Fiat Chrysler to list 750M shares on NYSE, possibly as soon as Aug. 2

|About: Fiat Chrysler Automobiles NV (FCAU)|By:, SA News Editor

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.