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Stock Market & Financial Investment News

News Breaks
December 14, 2012
06:12 EDTFIATY, MS, BAC, GSFiat seeks capital increase to buy remaing 41% of Chrysler, Reuters reports
Fiat (FIATY) is in talks with banks about a capital increase to buy out the remaining 41.5% of Chrysler, sources say, reports Reuters. An unsourced report in Il Messaggero said Fiat was speaking with UniCredit, Morgan Stanley (MS), Bank of America (BAC) and Goldman Sachs (GS) about the possibility of raising between $1.3B to $2.6B. Reference Link
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