Fiat Chrysler and Peugeot Shareholders Approve Merger
Goodbye Peugeot (OTC: PUGOY) and Fiat Chrysler (NYSE: FCAU), hello Stellantis!
Shareholders of both French automaker PSA Group and Fiat Chrysler approved the merger of the two companies with a combined market value of about $54 billion.
The deal originally indicated the union of the two companies would create the fourth-largest global automaker by volume based on 2019 sales, but adjusted for 2020 COVID–19 impacts, Stellantis will reportedly rank sixth on the list in sales.
Source Fool.com
