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Wednesday, March 27, 2019

FCA reportedly rejected PSA Group merger offer

PSA Peugeot Citroën logoFiat Chrysler Automobiles earlier in the year rejected a merger offer made by PSA Group, The Wall Street Journal reported on Friday. Citing people familiar with the matter, the newspaper reported that PSA proposed funding the merger with an equity swap in order to keep its debt levels down but apparently FCA's controlling shareholder, the Agnelli...

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