Italian carmaker Fiat is in talks with four banks about a possible 1-2 billion euro ($1.3-$2.6 billion) capital increase next year to purchase the 41.5 percent of Chrysler it does not already own, Il Messaggero reported.Fiat failed to comment on the report.The banks are UniCredit, Morgan Stanley, Bank of America and Goldman Sachs.In November UBS estimated the fair value of Chrysler at between $9 billion and $13.4 billion, meaning the 41.5 percent stake is worth between $4.1 billion and $5.5 billion.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC remained unchanged at $10.54. In the past year, the shares have traded as low as $4.92 and as high as $10.71. On average, 152838000 shares of BAC exchange hands on a given day and today's volume is recorded at 0.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS remained unchanged at $17.80. In the past year, the shares have traded as low as $12.26 and as high as $21.19. On average, 20187100 shares of MS exchange hands on a given day and today's volume is recorded at 0.
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