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FCA-PSA deal shows a merger of equals

Bloomberg Fiat Chrysler Automobiles NV and PSA Group went out of their way to make their combination as equal as possible, shedding assets, paying special dividends and distributing board seats. It didn’t take long for investors to figure out who the buyer is. Shares of Fiat Chrysler jumped 10% after the two sides announced the deal, billed as a 50-50 ...

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Peugeot to sign $50 billion Fiat merger deal this year

Bloomberg Peugeot SA plans to sign its $50 billion merger deal with Fiat Chrysler Automobiles this year despite allegations that a former Fiat chief executive officer was implicated in bribery, Reuters reported, citing an unidentified person with direct knowledge of the matter. Talks between Peugeot-manufacturer PSA and Fiat are concentrated on the merger and a memorandum of understanding is scheduled ...

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Italy, ArcelorMittal discuss steel-mill plan

Bloomberg The Italian government and ArcelorMittal are holding negotiations on how to resolve a standoff at the European Union’s largest steel plant. ArcelorMittal, which bought the ex-Ilva steel mill for 1.8 billion euros ($2 billion) last year, is in dispute with the government over pollution levels and the company’s legal position and protection from criminal liability, while Italy is looking ...

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