Discussion in 'Mopar / FCA News' started by Dave Z, Dec 11, 2019.
Supremely Engineered Reliable Ground-transportation, International Organization?
Maybe they should do what was done before. An umbrella name and call each a group. Chrysler Group, Fiat Group Peugeot Group
As someone who buys its products and interacts with its dealers, I think Fiat ceding control to PSA will be a good thing
Or to keep it international: Chrysler Group - Gruppo Fiat - Groupe Peugeot.
You are considering PSA control shareholders are one entity, in reality are two + one. Peugeot family, French state and Donfeng (Chinese company).
Exor (Agnelli family) will have 14% of the new company, the PSA ones will have potentially 6% eachone.
But the Donfeng share will potentially go down to 4.5% since PSA will buy 1.5% and that shares will be withdrawn (= the Chinese receive extra cash).
Peugeot family has the right to go up to 8.5% by purchasing shares from French state and/or Donfeng.
So potentially Peugeot family can go up to 8.5% of the new company.
Peugeot and Agnelli families, that in the past had always good relationships, together will have the control of the new company. Maybe they will make it explicit with a syndicate pact when the deal will be closed, but is almost implicit since there is a 7 years lockup on shares percentage owned by each main shareholder.
From Peugeot family point of view is a way to regain control of their company, through a partner (Agnelli family) that is more in line with their way of doing business than French state.
Even all together the 2+1 “french side”, with new limits and shares sell/purchase options included in the signed agreement, cannot go up to more than what will be owned by Exor.
Allied Motors Corporation. (AMC).
An american and european alliance against a german and japanese axis of boredom.
Sure, Italy's presence is a little sketchy, but they can use Bella Ciao as company hymn.
It is really nice that folks like you are in the know to explain things like this to guys like me that really don't know squat about these intimate details. Very fascinating.
I haven't heard anyone mention what this means for those of us with FCA shares.
1 share of new company for each share of FCA:
Groupe PSA and FCA agree to merge (at https://www.prnewswire.com/news-releases/groupe-psa-and-fca-agree-to-merge-300976689.html )
Keep every group separate as they are now, with an umbrella Corp overseeing all of them. They could call that umbrella Corp Ma....like Ma Bell. Yeah...just like Ma Bell.
JAAB N.V. Jeep and Associated Brands - maybe too close to SAAB
PFCDBCK - PSA, Fiat, and the Company Daimler Benz Couldn't Kill - BTW, I was in Möhringen on Monday having dinner with my old boss. MB HQs is down by Kelley Barracks. Wonder how many fellow Allparians would've wanted to burn that place to the ground.
So Amalgamated Automotive Group (AAG), cause Amalgamated Motors Group (AMG) might run into trouble.
Well, before the final closing of the deal, FCA shareholders will receive in 2020
- an extraordinary dividend of Euro 5.5 billion (to remember that FCA sell of Magneti Marelli to Calsonic Kansei received about Euro 6 billion, part of which already had been announced to be distributed to shareholders)
- an ordinary dividend of Euro 1.1 billion for 2019 results (the same will do PSA)
COMAU (FCA's industrial automation and robotics company) will be demerged after closing of the deal. Shares or money from sell (?) distributed to all shareholders of the new company (before it was supposed to be sold and distributed to FCA shareholders only).
Thanks for the detailed analysis!
It really helped clear up any confusion I may have had about the final arrangements. Not being a financial guru, it's really easy to read all that legal-eze / financial-eze and come away with a mistaken interpretation.
IMC: International Motor Corporation (NV)
With the Italian, French, and American groups.
Chrysler Motor Corporation.
"Global Motors" was Iacocca's suggestion way back in the 80s for a merged group of international car companies.
What about Global Mobility Groupe?
Let me guess; the upcoming name change, if any, is still up in the air?