Tuesday, August 12, 2014

Fiat: title continues recovery in Piazza Affari and goes over quota … – Finanzaonline.com

Fiat: title continues recovery in Piazza Affari and goes over quota … – Finanzaonline.com

Fiat continues recovery in Piazza Affari after a beginning of August definitely under pressure. The title of the Lingotto, in early trading, showing an increase of approximately 1.50% to 7.09 euro. The action thus regaining the threshold of € 7, under which it was dropped last week for the first time since January, although it is still far from 7,727 euro set for the withdrawal and by more than 9 euro in mid-April (maximum of 2014 ). On the market thinks the alternative hypothesis where the rights of withdrawal exceed the limit of 500 million euro. Condition that would blow the merger with Chrysler. If this threshold were to be exceeded Fiat could convene a new Extraordinary General Meeting to raise the bar, thus changing the current conditions.



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