for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Autos

Activist hedge fund CIAM will 'strongly oppose' FCA-Renault deal

Slideshow ( 2 images )

LONDON (Reuters) - Activist hedge fund CIAM has written to the board of French automaker Renault to say it “strongly opposed” a planned $35 billion merger with Fiat Chrysler.

Calling the deal “opportunistic”, the fund said the current deal terms strongly favored Fiat Chrysler and offered no control premium.

Reporting by Simon Jessop; Editing by Rachel Armstrong

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up