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Talks between Fiat Chrysler and Renault have hit a roadblock over the financial terms of the proposed merger between the Italian-US and French carmakers, the French business daily Les Echos reported online Thursday, citing sources close to Fiat Chrysler.
Renault said earlier this week it is studying "with interest" a 50-50 merger proposal from Fiat Chrysler (FCA), a deal that would forge the world's third-largest automaker.
Newspaper - Website - Source - FCA - Renault
The newspaper reported on its website that a source close to FCA said several Renault board members believe the terms of the offer need to be sweetened.
But that is not how FCA sees things, said the source.
Offer - Board - Source
"The offer seems fair, it was approved by the board. It is take it or leave it, and fast!" said the source.
Meanwhile, the daily said Renault is unhappy as the offer is based on its share price on May 24, the day before the offer was announced, or 51.70 euros.
Renault - Share - Price
Renault's share price has been punished...
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