Activist hedge fund CIAM will 'strongly oppose' FCA-Renault deal
Tweet
Share
E-mail
FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo
LONDON (Reuters) - Activist hedge fund CIAM has written to the board of French automaker Renault to say it "strongly opposed" a planned $35 billion merger with Fiat Chrysler.
Calling the deal "opportunistic", the fund said the current deal terms strongly favored Fiat Chrysler and offered no control premium.
(Reporting by Simon Jessop; Editing by Rachel Armstrong)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Elliott targets Deutsche Telekom, opposes $300B T-Mobile merger - Bloomberg News
- Diversified Energy to acquire Birch for $1.8B in Permian expansion
- Broadcom raises AI chip forecast as Big Tech keeps writing bigger checks
Create E-mail Alert Related Categories
General News, Hedge Funds, ReutersRelated Entities
Chrysler LLC, Hedge Funds, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
