Private equity trio eye AA takeover, company considers share issue

LONDON (Reuters) – British roadside recovery group AA (AAAA.L) has received three cash takeover offers from private equity groups, it said on Tuesday, but is also considering selling fresh equity as it tries to slash its debt pile. The three bidders are Centerbridge Partners Europe and Towerbrook Capital Partners acting together, Platinum Equity Advisors and […]

Fiat sticks by terms of PSA deal after dividend cut report

MILAN (Reuters) – Fiat Chrysler (FCA) said the terms of its merger with France’s PSA had not changed after an Italian newspaper report that it was looking to spin off assets to reduce a planned 5.5 billion euro ($6.2 billion) cash pay-out to its shareholders. FCA (FCHA.MI) said on Friday that it was sticking to […]