Fiat says exit rights exercise won't jeopardize Chrysler merger

Fiat (FIA.MI) said on Friday its merger with Chrysler was on track to go ahead as planned in October since it did not expect a 500 million euro ($658.3 million) cap on the money it set aside to pay off any dissenting shareholders would be breached. Chief Executive Sergio Marchionne wants to incorporate the two carmakers into a Dutch-registered company called Fiat Chrysler Automobiles (FCA), paving the way for a U.S. In a statement, Fiat said it was finishing a count of the number of shares for which cash exit rights had been validly exercised and would give final details by Sept. 4.

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