Storm clouds linger over Fiat-Chrysler merger

• The merger between Fiat (FIATY) and Chrysler is even more up in the air after conflicts in the Middle East and Ukraine take a toll on sales momentum for the brands.
• Fiat is trading at only pennies below the 7.727 euros-per-share offering price that's dangling in front of dissenting shareholders.
• Two major proxy firms already advised shareholders to vote against the merger.
• The wildcard in the mix: The Peoples Bank of China owns a decent stake in Fiat and could tip the scale one way or the other.