Fiat may have to pay UAW trust fund more for Chrysler shares, judge suggests

April 26, 2013

Fiat may have to pay more than its $139.7 million offer for Chrysler Group shares being bought from the UAW’s retiree health-care trust, a judge suggested in court today.

Fiat SpA is increasing its stake in Chrysler and is asking Delaware Chancery Court Judge Donald Parsons Jr. to help determine the value of the 54,154 Chrysler units, which the UAW trust, sometimes called VEBA, contends are worth least $342 million.