Fiat Chrysler, PSA merger to include loyalty scheme - prospectus
Reuters
Published Nov 20, 2020 09:03
MILAN (Reuters) - The merger between Fiat Chrysler (MI:FCHA) and French rival PSA (PA:PEUP) will include a loyalty share scheme to reward long-term investors in the new group and help prevent future takeover attempts, the prospectus for the planned tie-up showed.
In December, Italian-American car maker Fiat Chrysler (FCA) and PSA agreed to combine in a $38 billion all-share deal, uniting brands such as Fiat, Jeep, Dodge, Ram and Maserati with the likes of Peugeot , Opel, Citroen and DS.
The companies said in the prospectus that each may terminate the tie-up agreement if the merger were not completed by June 30, 2021 due to a failure to obtain the necessary regulatory approvals.
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Written By: Reuters
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