Not so Fast!

Well - there may be a fly in the ointment of the Chrysler deal. Those pesky bondholders have turned down the offer from Chrysler to relieve the debt burden. Expect a bankruptcy to unshackle the debt. Then will the Fiat deal still be in place? Stay tuned . . . another episode of this soap opera is sure to happen.

This first came to my attention from Calculated Risk. Seeking Alpha has this story on the potential bankruptcy too. Hat tip to both!

Also read this for an interesting view of what happens if Fiat gets Chrysler.