Fiat reaches deal to buy remaining shares of Chrysler

Jan 1, 2014
Lead in text: 

Deal erases need for initial public offering of Chrysler shares

Source: Freep

On the first day of 2014, Fiat, Chrysler and the UAW's Retiree Medical Benefits Trust agreed to a $4.35-billion deal that gives Fiat total ownership of its U.S. partner. It resolves a bitter legal dispute over the value of Chrysler's shares and will give the embattled Italian automaker access to Chrysler's cash.

Read more at: Freep