Chrysler IPO To Bring Shareholder Battle To A Head
Chrysler plans to file documents this month that would allow its minority investor to sell shares in a stock market listing, a process that will slow Italian carmaker Fiat’s plans to take full control of the U.S. automaker. An initial public offering would bring to a head the ongoing battle between Sergio Marchionne, who has led both companies since Chrysler’s government-financed bankruptcy in 2009, and a healthcare trust fund affiliated with the United Auto Workers union.
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