Chrysler adds Bank of America Merrill Lynch to help run IPO

Reuters

NEW YORK, Nov 4 (Reuters) - Chrysler Group LLC tapped Bank of America Merrill Lynch to help lead theU.S. automaker's initial public offering along with JPMorganChase & Co, a person familiar with the matter said.

The IPO could price in December, the person said on Monday,declining to be named because the information is private.

Chrysler declined to comment on the news, which was firstreported by the Wall Street Journal.

Chrysler, which is majority owned by Italian automaker FiatSpA, filed paperwork for an IPO in late September afterFiat was unable to reach a buyout deal with Chrysler'ssecond-largest shareholder, a retiree healthcare trustaffiliated with the United Auto Workers union.

Sergio Marchionne, chief executive of both Chrysler andFiat, said last week that he is working "diligently" to preparefor a possible IPO by the end of 2013.

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