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Fiat Chrysler Automobiles to shop Magneti Marelli

Sep. 17, 2018 7:37 AM ETStellantis N.V. (STLA) StockSTLABy: Clark Schultz, SA News Editor4 Comments
  • Fiat Chrysler Automobiles (NYSE:FCAU) decided that it will shop Magneti Marelli to other bidders, according to Bloomberg.
  • Sources indicate that Fiat considers the sub-$7B offer from KKR for the automotive components maker too low.
  • Shares of Fiat trade flat in Milan today at €14.99 vs. the 52-week rangs of €13.40 to €20.20. Fiat is inactive in the U.S. premarket session.

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