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MILAN (Reuters) - Fiat Chrysler (MI:FCHA) and Peugeot owner PSA (PA:PEUP) aim to sign a final merger agreement as early as the beginning of next month, a source familiar with the matter said on Saturday.
The two automakers said earlier this week they planned to join forces in a 50-50 share merger to create the world's fourth-largest automaker, seeking scale to cope with costly new technologies and slowing global demand.
They said they aimed to reach a binding deal on the $50 billion merger "in the coming weeks".
The source said the two groups were at work to finalize all the merger details and they hoped to sign a binding memorandum of understanding in "three-four weeks".
"This means the final agreement should be signed by early December, or by Christmas at the latest," the source said, confirming a report published earlier on Saturday in La Stampa daily newspaper.
By Foo Yun Chee BRUSSELS (Reuters) - Google was hit with an antitrust complaint on Monday after a Danish online job-search rival took its grievance to EU regulators, alleging the...
By Kevin Buckland and Sam Byford TOKYO (Reuters) - Shares rose broadly across Asia on Monday, building on morning gains and a Friday Wall Street rebound as sentiment improved and...
HONG KONG (Reuters) -Shares of Chinese internet gaming and social media giant Tencent Holdings (OTC:TCEHY) Ltd gave up early gains to fall as much as 2.5% to HK$374.60 in the...
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