The following is a guest post by George Schultze, founder of Schultze Asset Management LLC, an alternative investments firm founded in 1998 that manages approximately $260 million in assets and specializes in event-driven and distressed securities investing. Mr. Schultze is author of The Art of Vulture Investing: Adventures in Distressed Securities Management (Wiley Finance, 2012). Last week, Italy-based Fiat said it would take full ownership of Chrysler in a $4.35 billion dollar deal. The move comes after Fiat picked up 58.5% of Chrysler in 2009 amidst the great restructuring in the US automotive industry. Just a few years later, Fiat is setting itself up to be the biggest automakers in the world.
Reported by Forbes.com 8 hours ago.
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