Chrysler Group LLC Files Registration Statement For Proposed IPO - aftermarketNews
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Chrysler Group LLC Files Registration Statement For Proposed IPO

The common shares to be sold are being proposed by the UAW Retiree Medical Benefits Trust, which will receive all of the net proceeds from this offering.

AUBURN HILLS, Mich. – Chrysler Group yesterday announced that it filed a registration statement with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of common shares.

The number of shares to be offered and the price range for the offering have not yet been determined. The common shares to be sold are being proposed by the UAW Retiree Medical Benefits Trust (the “VEBA Trust”), which has exercised demand registration rights under a shareholders’ agreement with Chrysler Group. The VEBA Trust will receive all of the net proceeds from this offering.

J.P. Morgan Securities LLC will be the lead book-running manager of the offering.

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