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The Water Cooler
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Dodge Half Ton Diesel
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<blockquote data-quote="TerryMiller" data-source="post: 2110032" data-attributes="member: 7900"><p><span style="font-family: 'Georgia'"><span style="font-size: 12px">Looking at your link to the Fiat press release still leaves me scratching my head. They refer to a 1.5% "fully diluted ownership interest" in the Canadian government's share and a 6% "fully diluted ownership interest" in the U.S. government's share. Then down in the footnotes, there are references to Fiat also having the option of buying another 5% and then another 40% of shares from some source referred to as VEBA. So, what is that all about and who owns those two percentages?</span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px">All that gobbledy-gook in both the press release and the footnotes about "Ecological Event", "Covered interest", "Class A Interests" and "Class B event" leaves me unsure of whether they have bought it all. Especially since the press release is entitled, "Fiat completes acquisition of Chrysler equity from Canada and the U.S. Department of the Treasury" without a mention of having bought "all" of the stock.</span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px">That is what I wanted clarified.</span></span></p></blockquote><p></p>
[QUOTE="TerryMiller, post: 2110032, member: 7900"] [FONT=Georgia][SIZE=3]Looking at your link to the Fiat press release still leaves me scratching my head. They refer to a 1.5% "fully diluted ownership interest" in the Canadian government's share and a 6% "fully diluted ownership interest" in the U.S. government's share. Then down in the footnotes, there are references to Fiat also having the option of buying another 5% and then another 40% of shares from some source referred to as VEBA. So, what is that all about and who owns those two percentages? All that gobbledy-gook in both the press release and the footnotes about "Ecological Event", "Covered interest", "Class A Interests" and "Class B event" leaves me unsure of whether they have bought it all. Especially since the press release is entitled, "Fiat completes acquisition of Chrysler equity from Canada and the U.S. Department of the Treasury" without a mention of having bought "all" of the stock. That is what I wanted clarified.[/SIZE][/FONT] [/QUOTE]
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