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Renault Shares are Tanking After Fiat Chrysler Scrapped their Mega-Merger

Stock Market Data Today
  • Renault shares plunged 8% on Thursday morning after Fiat Chrysler pulled its offer for the French carmaker.
  • French government officials on Renault's board postponed making a decision on Wednesday.
  • Renault wanted more time to secure the support of long-time rival Nissan.
  • "It has become clear that the political conditions in France do not currently exist for such a combination to proceed successfully," Fiat Chrysler said...
Mentions: Merger stake Bloomberg