C h rys ler—Roates IN a statement issued on Friday,
12th June 1964, Page 55
12th June 1964
Page 55
Page 55, 12th June 1964
— C h rys ler—Roates IN a statement issued on Friday,
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the I Rootes Group and the Chrysler Corporation announced agreement on the proposed acquisition by Chrysler of 30 per cent of the Ordinary voting shares and 50 per cent of non-voting A shares of the British company. The value of the offer is about .£12.3 m.
The statement said that the Chrysler car and Dodge commercial vehicle operation in the U.K. would be combined with the Routes 'GP:nip as soon as possible. In order to implement the proposed development and expansion at home and overseas, Rootes plans to raise up to £15 m. in new capital :in the next .18 months.
i See "Money Matters' on page 86).