Fiat Chrysler board to meet Tuesday on proposed Peugeot deal: sources

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MILAN/PARIS (Reuters) – The board of Fiat Chrysler Automobiles NV (MI:) is expected to meet on Tuesday afternoon to consider taking the next steps toward a proposed merger with French automaker Peugeot SA (PA:), sources said on Monday.

Peugeot’s board is also expected to meet on Tuesday afternoon, and is expected to consider a memorandum of understanding to formalize a proposed $50 billion combination of the two European automakers, sources have said.

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