Fiat Chrysler steps back from $35b merger offer for Renault
- Country:
- France
Fiat Chrysler said on Wednesday it was withdrawing its $35 billion merger offer for Renault. A source close to the French carmaker's board said FCA took the decision after France sought to delay a decision on the deal.
Renault directors failed to reach a verdict on FCA's May 27 merger proposal at a board meeting that ran late into Wednesday night, the company said. The board was "unable to take a decision due to the request expressed by the representatives of the French state to postpone the vote to a later meeting", Renault said in a statement.
(With inputs from agencies.)
- READ MORE ON:
- Chrysler Sebring
- Chrysler 200
- Chrysler Pacifica
- Renault Kangoo
- Renault Mégane
- Renault Kadjar
- Fiat 500X
- Fiat 500
- Fiat Doblò
- Board of directors
- Athletic director
- Institute of Directors
- French conjugation
- French drain
- French Revolution
- The Source
- Source Code
- Primary source
- Minister of State
- Captive State
Advertisement
ALSO READ
'Staunch' friend of Taiwan's to become top US diplomat in Taipei, sources say
Mbappé scores a deflected goal as PSG beats Rennes 1-0 to reach French Cup final
Entertainment News Roundup: Brussels seeks UNESCO heritage mark for puppetry, flower carpet; Exclusive-Disney prevails over Trian in board fight, sources say and more
EXCLUSIVE-U.S. sanctions hamper Russian efforts to repair refineries, sources say
EXCLUSIVE-Russia's Novatek may scale back Arctic LNG 2, focus on Murmansk, sources say
Google News