Equities

Reuters exclusively reports French want PSA-Fiat board guarantee in $50 billion merger

Reuters exclusively reports French want PSA-Fiat board guarantee in $50 billion merger

Reuters exclusively reported that French shareholders in the planned merger of PSA and Fiat Chrysler are seeking reassurances that they will retain a numerical advantage on a combined board if CEO Carlos Tavares leaves. The two companies are finalizing talks after announcing a plan for a $50 billion merger of equals in October that would create the world’s fourth-largest automaker.