Investing.com - Fiat Chrysler Automobiles NV (NYSE:FCAU) shares added on Monday's session, getting a big boost from the media reports that the company turned down a takeover offer from a large, unnamed Chinese automaker.
While this story has been reported by various media, Automotive News appears to be the original source. Apparently, the offer was rejected due to it being inadequate. The report also stated that other local carmakers are also conducting their own due diligence on a potential purchase of FCAU.
Fiat Chrysler shares added 8.5% on Monday and reached a 52-week high during the trading session.