The US Supreme Court on Tuesday allowed the sale of Chrysler to Fiat to go ahead, rejecting an appeal by three Indiana pension funds – which hold $42m of Chrysler’s $6.9bn in secured debt – to suspend the deal, reports the FT.  The decision came after Fiat and the US government warned that Chrysler would go out of business by next week if the deal was delayed further. Bloomberg adds that the Fiat-led group should complete the deal on Wednesday.

This entry was posted by Gwen Robinson on Wednesday, June 10th, 2009 at 4:57 and is filed under Capital markets, M&A. Tagged with chrysler, Fiat. Edit this entry.