Reuters: Global Markets: Fiat falls 2.6 percent in early trade after Chrysler buyout trial hearing

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Fiat falls 2.6 percent in early trade after Chrysler buyout trial hearing Apr 26th 2013, 07:24 Tweet Share this Email Print Related News Fiat says may need capital hike after Chrysler buyout Tue, Apr 9 2013 Fiat CEO "doesn't think" automaker will need to revise 2013 targets Tue, Apr 9 2013 Analysis & Opinion It's time to air Cooper Union's dirty laundry Return to glory days may elude Japan's automakers Related Topics Hot Stocks » Asian Markets » A man walks past a Fiat logo at a showroom in Noida, on the outskirts of New Delhi April 3, 2013. Credit: Reuters/Mansi Thapliyal MILAN | Fri Apr 26, 2013 3:24am EDT MILAN (Reuters) - Shares in Fiat (FIA.MI) fell 2.6 pct in early trade ending a five-day rally, after a hearing in a U.S. court indicated the Italian automaker may have to raise its offer to increase its stake in Chrysler. At 0710 GMT, shares were down 1.9 percent at 4.70 euros. Fiat and a union trust which is Chrysler's second-largest shareholder differ sharply on the value of Chrysler's equity, which the union trust has estimated at $11.493 billion and Fiat saying it is worth $4.68 billion. The judge responded favorably to the union trust's argument on a key valuation point. No further hearing date has been set in the court case. (Reporting By Jennifer Clark, editing by Stephen Jewkes) Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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