Fiat Chrysler Automobiles NV has decided to consider other offers for its Magneti Marelli parts unit since KKR’s bid came in too low, according to a report from Bloomberg. KKR offered less than the 6 billion-euro ($7 billion) minimum valuation sought by Fiat, the story said. KKR wanted to pay about 5 billion euros for Marelli, Bloomberg said.
Source: https://www.pehub.com/2018/09/fiat-to-consider-other-offers-for-magneti-marelli-bloomberg/
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