FCA cited “political conditions in France” for the withdrawal.
A “yes” by Renault would open the way for a non-binding memorandum of understanding to start exclusive merger negotiations.
Merged company would make some 8.7 million vehicles a year, leapfrogging GM and trailing only Volkswagen and Toyota.
Total value of deal is US$170 million. Transaction expected to close by year end.
US$18 billion deal closed June 1.
$62 billion deal will see companies come together, then break apart into three separate, publicly traded companies.
BERLIN — Industrial gas makers Linde AG and Praxair Inc. are resuming talks about a possible merger that they abandoned in September. Linde said its management board decided to return to talks on “the essential terms of a potential merger…
Deal would create a global agricultural and chemical giant with a broad array of products.
Deal between industrial gas makers hung up on governance details.
Industrial gas-makers say talks are preliminary.
They would create the world’s second-largest chemical company, behind BASF SE
Deal in principle would create world’s biggest beer company.
Combined company would be the largest brewer in the world by a large margin.
Holcim sell all of its Canadian operations and all associated assets.
Analysts pegged the value of a possible merger, spinoff or sale at about US$5 billion.