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Fiat Chrysler to Cut Dividend Ahead of Merger With PSA Group

by Bioreports
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Fiat Chrysler Automobiles NV and PSA Group changed the terms of their merger to preserve cash as the two car makers shore up their financial positions following the negative effects of the coronavirus pandemic.

Fiat Chrysler will now pay a cash dividend of €2.9 billion ($3.44 billion) to its shareholders ahead of the closing of the merger, down from the previously agreed €5.5 billion, the companies said in a joint statement Monday.

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