Fiat-Chrysler Merger: Won't Waive, Raise Payout Cap

Newswire

(Adds details) MILAN, Aug 12 (Reuters) - Fiat will not call a shareholders' meeting to waive or raise the 500 million euro ($668 million) limit it has set for paying out dissenters in its merger with Chrysler, the carmaker said on Tuesday. Chief Executive Sergio Marchionne wants to incorporate the two carmakers into Dutch-registered Fiat Chrysler Automobiles (FCA), paving the way for a U.S. listing to help fund an ambitious investment plan at the world's No.7 auto group. But the ...

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