I saw an article stating that Fiat's US listing of FCA shares would mean fiat shares would be converted one to one plus an additional voting share for current fiat shareholders. The estimated price would be $5.03. Given that FIATY is double that, does it mean really two shares FCA for every one share FIATY?
I'm very tempted to purchase shares Monday but this threw me off. Purchasing to invest, not because of the new listing.
Don't know who made up the $5.03 per share but it's definitely wrong! (Must been someone in the media that wants to buy the shares on the cheap side) :-) According to "Reuters" If you vote against the merger you will be entitle to a cash exit rights of $10.54 - if not,... you'll get one share of the new FIAT (FCA) and one extra voting rights if you held the stock for 3 years or more.