Nov 12 Italian automaker Fiat must pay
at least $342 million for a 3.3 percent stake in automaker
Chrysler Group LLC that is held by a union-related trust, the
trust claimed in court documents filed on Monday.
The United Auto Workers healthcare trust said Fiat's offer
of $139.7 million for the Chrysler stake was substantially below
the fair market value, according to documents filed in
Delaware's Court of Chancery.
Fiat sued the UAW trust in September for failing to sell the
stake. As part of the 2009 agreement with the U.S. Treasury as
Chrysler emerged from bankruptcy, Fiat is able to exercise call
options to purchase portions of the stake held by the healthcare