Fiat Chrysler puts merger offer to Renault board
Fiat Chrysler has made a “transformative” merger proposal to Renault, the Italian-American carmaker said, in a deal that would create a new third-ranked global manufacturer.
Fiat Chrysler has made a “transformative” merger proposal to Renault, the Italian-American carmaker said, in a deal that would create a new third-ranked global manufacturer.
Shares in both Fiat and Renault surged higher on Monday, as analysts welcomed a proposed merger between the two carmakers.
Nasdaq withdrew its bid on Monday to takeover Norwegian stock market operator Oslo Bors VPS, leaving pan-European competitor Euronext as the sole bidder.
The French government is looking “reasonably favorably” on a proposed merger deal between Italian carmaker Fiat and French peer Renault, said government spokeswoman Sibeth Ndiaye on Monday.
Asia stocks inched up but remained near four-month lows on Monday amid concerns about U.S.-China tensions while the euro stayed in a narrow range after the weekend’s European Parliament elections.
Fiat Chrysler has made a “transformative” all-share merger proposal to French rival Renault, the Italian-American carmaker said on Monday, in a deal to create a new third-ranked global manufacturer.
Italian government will defend national interest in the FCA- Renault merger and might ask for a stake in the new global automaker to match French state holdings, a prominent League ruling party lawmaker said on Monday.
Fiat Chrysler has made a “transformative merger” proposal to French peer Renault, the Italian carmaker said on Monday, in a deal which would create a world leader and help address some of the weaknesses in both Renault and Fiat.
Carlos Ghosn’s Paris lawyers François Zimeray and Jessica Finelle said on Monday that they had contacted a United Nations body last week to complain about Ghosn’s treatment.
Japan’s government said on Monday that high-tech industries will be added to a list of businesses for which foreign ownership of Japanese firms is restricted.
An Australian law firm filed a class action lawsuit on Monday against five major international investment banks accusing them of colluding to rig foreign exchange rates during 2008-2013 to jack up profits at the expense of businesses and investors.
Asia stocks hovered near four-month lows on Monday amid concerns about U.S.-China tensions while the euro was confined to a narrow range after the weekend’s European Parliament elections.
Japan’s government said on Monday it will add from August the information-technology and telecommunication sectors to a list of industries for which restrictions on foreign ownership of Japanese firms apply.
The U.S. Federal Aviation Administration’s (FAA) reputation has taken a hit as a result of the Boeing Co 737 MAX grounding, United Airlines President Scott Kirby said on Monday.
Asia stocks edged up early on Monday, and the euro was confined to a narrow range after the weekend’s European Parliament elections highlighted the deepening political fragmentation of the 28-country bloc.
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