Countdown to the Fiat right of withdrawal. By 20 August next, entitled shareholders must send written communication by registered letter. The company therefore expects to be able to communicate to the public the number of shares for which the right of withdrawal, set at €7,7, was exercised during the week of September 500st. At the meeting, XNUMX million shares voted against the merger.
The recovery of the title has actually scaled back the risk of cancellation of the merger, which would be triggered if the ceiling of requests over 500 million is exceeded. After six consecutive upward sessions, the Lingotto stock, which had already fallen by 26% compared to the withdrawal value, recovered on Thursday to 7,33 euros, only 5.41% below the withdrawal value (7,727 euros). And even today the Fiat share continues its rally, gaining 10% after 1,6 am to 7,445 euros.
