Filed under: Europe, Earnings/Financials, Fiat
According to
Bloomberg, Monday will be an interesting day for
Fiat. January 3, 2011 marks the day that investors will be able to assign value to the stocks of the newly split company.
Fiat Industrial SpA, which includes Iveco trucks and CNH Global NV (Case, New Holland), has officially separated from the company's automotive arm. Early estimates seem to indicate that the truck and tractor section of Fiat will likely open at €9.40 per share ($12.59 USD), while Fiat automotive is expected to start trading at €6.65 ($8.92). If true, that means that the two companies will begin trading at roughly 7.1 percent
more than what the old unified Fiat saw at the close of trading on Wednesday.
The split marks the largest change in the 111-year history of Fiat, and investors who currently own stock in Fiat SpA will also receive equivalent shares in Fiat Industrial SpA. Regardless of how the two stocks open, analysts expect to see plenty of fluctuations in prices for the first day or two as investors try to get a handle on the change.
[Source:
Bloomberg]
Report: Stock volatility expected to greet Fiat company split on Monday originally appeared on Autoblog on Sat, 01 Jan 2011 17:56:00 EST. Please see our terms for use of feeds.
Permalink |
Email this |
Comments
أكثر...
02-01-2011, 02:00 AM
