Chrysler files for initial public offering

GMT 21:24 2013 Monday ,23 September

Arab Today, arab today Chrysler files for initial public offering

Arab Today

US automaker Chrysler filed papers Monday to return to the markets with a public offering, as a workers' retirement fund sought to sell its shares in the company. The UAW Retiree Medical Benefits Trust, known as VEBA, is selling its shares after failed negotiations to agree a price on them with Chrysler parent Fiat, which wants to increase its shareholding in the company.

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