FCA’s board as well as Peugeot’s board to meet today on proposed $50B planned merger

On Tuesday, sources with knowledge of the matter at hand disclosed, Fiat Chrysler Automobiles NV’s board is scheduled to meet later this afternoon to consider taking the next steps toward a proposed merger with French automaker Peugeot SA.

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

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