PARIS—Fiat Chrysler Automobiles NV has withdrawn its proposal to merge with Renault SA after the French auto maker’s alliance partner, Nissan Motor Co., declined to back the deal, according to people familiar with the matter.
The French state, Renault’s top shareholder, went into a marathon board meeting Wednesday evening saying its prime condition for approving the $40 billion merger was that the deal fit within the framework of Renault’s decadeslong alliance with Nissan, the people said.
Source: News Formal (newsformal.com)
You’re on your own Renny...
Awww poor CGrantWSJ
What a surprise.
Some good news on the megacorp front.
So if Elkman sold 3m€ of stocks day after the announce, aint it stock manipulation
Excellente nouvelle, Renault n’aurait jamais dû considérer une offre aussi ridicule
Less than a week after they offered it? Somebody must have bought a ton of options the past days.
So the world’s largest manufacturer of unwanted cars ain’t gonna happen?
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