This post was originally published on this site
https://i-invdn-com.akamaized.net/news/LYNXMPEA7B0KH_M.jpg
© Reuters.Investing.com – Fiat Chrysler Automobiles (NYSE:) shares jumped as much as 8.8% Tuesday afternoon after The Wall Street Journal said the company is in talks for a possible merger with French automaker Peugeot.
- Shares were up 7.6% at 2:45 PM ET (18:45 GMT).
-
- There is no deal yet as the two sides are trying to figure out the terms. One option is for an all-share deal. It’s also not clear how the Trump Administration would view such a merger.
- A deal between the two would create a company with sales of as much as $50 billion a year, the Journal said. It learned of the talks from multiple sources familiar with the negotiations.
- Fiat Chrysler had offered this past spring to merge with Renault (PA:), Peugeot’s French rival. But it pulled the offer in June, saying “political conditions in France do not currently exist for such a combination to proceed successfully.” The French government is Renault’s biggest shareholder. And it has an ongoing partnership with Japanese auto giant Nissan (OTC:).
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
