Chrysler stays IPO until 2014 - Chrysler Forum - Chrysler Enthusiast Forums

Go Back   Chrysler Forum - Chrysler Enthusiast Forums > General Chrysler Forums > Brand News, Concepts & Rumors
Search


Reply
 
 
 
 
LinkBack Thread Tools Search this Thread
  #1  
Old 11-25-2013, 01:18 PM
IB Staff
 
Join Date: May 2011
Posts: 446
Default Chrysler stays IPO until 2014

Filed under: Government/Legal, Chrysler, Earnings/Financials, UAW/Unions, Fiat



There will not be a Chrysler IPO in 2013. Fiat, according to a report from Forbes, has announced that it will not be able to make the American brand's initial public offering before the end of the year, saying that the short, five-week window that makes up the rest of 2013 is "not practicable."

Not surprisingly, the issue with the Chrysler IPO is the same as it's always been - a disagreement between parent company Fiat, which owns 58.5 percent of the Chrysler Group and a UAW healthcare trust, which owns 41.5 percent. Fiat wants to buy out the UAW VEBA healthcare trust, which is responsible for shouldering retiree healthcare costs, but the two sides are hung up on an actual price tag for the remaining two-fifths of the company.

The original idea saw an IPO as a way of setting a fair market price for the remaining shares, although it's not entirely clear what broke down and led to a delay of the IPO plan. As Forbes points out, by waiting until 2014, Chrysler could be risking a cool-off in the IPO market, which could mean less money in its pocket when the automaker finally goes public.Chrysler stays IPO until 2014 originally appeared on Autoblog on Mon, 25 Nov 2013 14:00:00 EST. Please see our terms for use of feeds.



Permalink | Email this | Comments

More...
Reply With Quote
Old 11-25-2013, 01:18 PM
 
 
 
Reply



Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Fiat buying rest of Chrysler in $4.35 billion deal, IPO avoided Chrysler Forum Editor Brand News, Concepts & Rumors 0 01-01-2014 06:50 PM
Fiat-Chrysler alliance in jeopardy due to Pentastar's IPO filing? Chrysler Forum Editor Brand News, Concepts & Rumors 0 09-26-2013 12:40 PM
Chrysler files for IPO Chrysler Forum Editor Brand News, Concepts & Rumors 0 09-24-2013 07:08 AM
Chrysler IPO to be filed as early as this week Chrysler Forum Editor Brand News, Concepts & Rumors 0 09-16-2013 07:48 PM
Fiat pondering swallowing rest of Chrysler, US IPO Chrysler Forum Editor Brand News, Concepts & Rumors 0 04-24-2013 03:18 PM

Advertising
Featured Sponsors
Vendor Directory
Our Sponsors
All times are GMT -5. The time now is 12:25 AM.

Internet Brands, Inc.


Emails Backup