Subscribe to our Newsletter Subscribe to our Magazine
digital-media-news

Chrysler has filed for an initial public offering after the United Auto Workers (UAW) healthcare trust decided it would sell a portion of the shares it holds in the automaker.

The UAW Retiree Medical Benefits Trust, which owns 41.5% of Chrysler, will receive all of the net proceeds from the offering of up to US$100 million. Italy’s Fiat owns the rest of the company.

The number of shares to be offered and the price range for the offering haven’t been determined.

The healthcare trust received a large stake in Chrysler after the automaker emerged from bankruptcy in 2009.

Related articles:

© Copyright 2014 Rogers Publishing Ltd. Originally published on benefitscanada.com

Add a comment

Have your say on this topic! Comments that are thought to be disrespectful or offensive may be removed by our Benefits Canada admins. Thanks!

* These fields are required.
Field required
Field required
Field required