Fiat Waves Off Reports of Shareholder Sellout

Newswire

MILAN, Aug 5 (Reuters) - Fiat said on Tuesday that Italian media reports about a significant number of its shareholders having exercised their exit rights, a move that could potentially jeopardize the carmaker's merger with its U.S. unit Chrysler, were unfounded. "These rumors are groundless," the company said in a statement. "The term for the exercise of the cash exit rights has begun today and Fiat has not received any notices of exercise of the cash exit ...

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