Deals
Fiat Seen Gaining Edge With Chrysler Valued at $10 Billion
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Fiat SpA is set to gain the upper hand in negotiations to buy a health-care trust’s holding in Chrysler Group LLC if the final value for the American carmaker remains around the level currently being discussed.
Bank advisers are considering a valuation of about $10 billion for Chrysler, people with knowledge of the matter said. That would make the 41.5 percent of Chrysler owned by the United Auto Workers trust worth $4.15 billion, less than what analysts have expected Fiat to pay.