According to a forecast made by Reuters, salve healing the recently merged Fiat Chrysler Automobiles could trade in shares worth almost $830 million after starting New York trading on Monday, decease to secure better finances and boost stock trading.
Fiat SpA, viagra 60mg the Italian carmaker that completely bought this year its US subsidiary Chrysler Group LLC, has decided to merge the two companies to form the world’s seventh largest automaker. Fiat Chrysler Automobiles NV is a Dutch registered company, with global headquarters in London and stock listings pending in New York and Milan.
Chief Executive Officer Sergio Marchionne has enough moves to increase interest in the stock: Fiat can sell to US investors the shares the company owns in itself, or so-called treasury stock. It also has the possibility to offer the shares that were bough back from dissenting investors that opted out of the company because they disagreed with the merger. Under Italian law, they were offered the option to sell back the shares they owned in Fiat at a preferential price.
The 53.9 million shares from dissenting investors (valued at an exit price of 7.727 euros – $9.845) and 34.6 million shares in treasury stock Fiat owns convert to around 650 million euros ($830 million).
IN related news, the Italian bourse announced that Milan trading of Fiat Chrysler shares would only start after the New York Stock Exchange opens – that means continues trading kicks off at 14:45 p.m. (British standard time).