Fiat Trying To Raise $10 Billion To Purchase Chrysler
“The merger is the right choice for Marchionne and the only possible option to avoid Fiat being marginalized or bought by a competitor in the medium term,” said Emanuele Vizzini, chief investment officer of Investitori Sgr in Milan. “I see it as likely that they will get favorable financing by the end of the summer and then list in the U.S.”
With this deal Fiat and Chrysler may merge into a single company based in the U.S. and then issue shares for the combined entity.