PUGOY - Fiat Chrysler's $3.4 Billion Merger Dividend Is Now Unconditional
The merger between Fiat Chrysler (NYSE: FCAU) and Peugeot (OTC: PUGOY) has cleared all the necessary corporate steps that the companies needed to complete the deal, which makes the dividend Fiat is paying its shareholders unconditional.
Fiat had said it would pay investors 2.9 billion euros, or about $3.4 billion, before the merger was completed, but it was conditioned on Fiat and Peugeot finishing the deal. They expected that to occur by Jan. 13, which it has, so Fiat announced the dividend will be paid on Friday, Jan. 15.
Fiat 500s being recharged. Image source: Fiat Chrysler.
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Fiat Chrysler's $3.4 Billion Merger Dividend Is Now Unconditional