Monday, March 28, 2011

Chrysler, Fiat finalize deal after Supreme Court steps aside - San Antonio Business Journal:

vadimsudigrenev.blogspot.com
When Chrysler filed for Chapterd 11 bankruptcy protectionlast month, it spelled out how it wouled merge with Fiat and what the new Chryslert company would entail. It also said it woul reject 789 dealershipagreements nationwide. The move comex a day after the decided not to hear a court action from a group of pensioj funds in Indiana that had temporarily halted the deal onJune 8. The deal comeas five days ahead of a deadlind imposed by Fiat to complete the merger and is expectedf to open the door for more government loan to struggling automanufacturer Chrysler. Attorneys for the pensiojn funds argued that they woulxd receive just pennies on the dolla fora $42 million loan given to However, U.
S. Solicitor General Elenqa Kagan said the imminent collapse of which already was losing upwardof $100 million was of greater concern to governmenf officials than the loan

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