A Fiat logo is pictured at the Jacob Javits Convention Center
during the New York International Auto Show in New York on April 16,
2014.
Reuters/Carlo Allegri
(Reuters)
- Italian car maker Fiat said on Tuesday the merger with its U.S. unit
Chrysler will be effective as of Oct. 12 after all conditions for the
tie-up to go through were met.
Fiat said no creditors had opposed the
merger and the amount of money
to be paid to shareholders that chose to sell their shares had not
exceeded a 500-million euro cap set by the company.
Shares in the new holding Fiat Chrysler Automobiles will start
trading on the New York Stock Exchange on Oct. 13, Fiat said in a
statement.
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