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Reuters is reporting the Fiat SpA is close to obtaining the financing it will need to buy out the remaining 41.5% of Chrysler Group still held by the UAW's retiree health care trust (VEBA). Sources told Reuters that the deal could be done by next month. The Italian car company wants to raise about $4 billion in new financing. Fiat has cash reserves of about $11.9 billion, but drawing that down could damage Fiat's credit ratings. Chrysler and the UAW head to a Delaware chancery court tomorrow for a hearing on the automaker's request for a ruling on a fair value for a portion of the union trust's holdings. The judge's decision, not expected for a few more months, could determine the value of the VEBA's stake, which market analysts say is worth $3.5-$4 billion. While there is still a possibility that the VEBA could require an IPO, Marchionne has..
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