Fiat Chrysler Falls as M&A Prospects Hit by Report of GM Rebuff
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Fiat Chrysler Automobiles NV shares fell in Milan after the New York Times reported that General Motors Co. in March rejected an invitation from Chief Executive Officer Sergio Marchionne to discuss a merger.
The stock fell as much as 3.4 percent and was down 3 percent at 10:15 a.m., giving the company a market value of 18.6 billion euros ($20.4 billion). Fiat Chrysler has gained 45 percent this year.