June 4, 2019 / 9:05 AM / 16 days ago

Activist hedge fund CIAM will "strongly oppose" FCA-Renault deal

LONDON, June 4 (Reuters) - Activist hedge fund CIAM has written to the board of French automaker Renault to say it "strongly opposed" a planned $35 billion merger with Fiat Chrysler.

Calling the deal "opportunistic", the fund said the current deal terms strongly favoured Fiat Chrysler and offered no control premium. (Reporting by Simon Jessop Editing by Rachel Armstrong)

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