A me pare surreale il nome del TOPIC, non me ne vogliano i moderatori....
Comunque, é chiaro che esiste una polarizzazione di opinioni al riguardo. Se ne é discusso anche troppo. Ma Di fatto quel che vale è:
https://www.sec.gov/Archives/edgar/data/1605484/000160548420000174/fcanvprospectus.htm#i7bb5da3ce918419a8a59d5cc536c1f92_43
EXOR avrá sempre il 30 % max dei voti, il che non ne fará mai l'azionista di riferimento/maggioranza.
I francesi hanno/avranno il 30% dei voti comunque con le azioni speciali olandesi (e in teoria se non sono concertati la loro somma puó superare il 30% dei voti).
Leggetevi il documento se volete sapere invece di farvi dire.
Inoltre il CEO chiaramente non é indicato chi lo sceglie. Peugeot crede che dovrebbero indicarlo loro in quanto l'attuale CEO viene da PSA. Exor ha quasi sicuramente dato garanzie al riguardo, non ufficialmente.
Di sicuro non lo sceglierá Elkann o EXOR da sola.
Per il management, che conta di piú per capire dove l'aziende é stabilizzata, ha la footprint, guardate e capirete che i francesi sono piú del 40% e gli italiani meno del 15%.
Ricerca e sviluppo conta al momento in Italia solo 4500 dipendenti in rapida decrescita.
FCA é diventata Stellantis Europe all'interno di Stellantis, ma PSA é rimasta PSA, all'interno di Stellantis.
Tutto ció che é FCA sparisce.
Gli ex fornitori di FCA sono falcidiati, informatevi.
FCA ha cambiato sistema IT COMPLETAMENTE per usare quello PSA.
Tavares si riunisce a PARIGI con i suoi top manager, e qualche volta in Olanda.
Le lettere di uscita facilitata ai manager di Torino sono arrivate da Parigi. E molti stanno accettando, tra l'altro.
In Stellantis, quale tecnologia di impronta FCA si sta mantenendo? Solo il Diesel 2.2 per i furgoni, perché era l'unico già ingegnerizzato per Ducato e fratelli Pugeot/Citroen.
Perché il governo cerca i cinesi per aprire fabbriche in Italia? Per é stato detto chiaro che le fabbriche italiane verranno ridotte.
Elkann non fará nulla, se ha lasciato chiudere la fabbrica con il nome del nonno a Grugliasco.
Qui mi fermo. Poi ognuno creda quel che vuole o creda ai cani parlanti...
After the Governance Effective Time the board of directors of Stellantis (the “Stellantis Board”) will be a single-tier board and initially composed of 11 members, including the following initial directors as of the day immediately following the date on which the merger occurs:
•the CEO of Stellantis;
•two (2) Independent Directors (as defined below) nominated by FCA;
•two (2) Independent Directors nominated by PSA;
•two (2) directors nominated by Exor;
•one (1) director nominated by BPI (or EPF/FFP, as further described below);
•one (1) director nominated by EPF/FFP; and
•two (2) employee representatives: one such employee representative nominated through a process involving one or more bodies representing FCA employees prior to the closing and one such employee representative nominated by a body representing PSA employees prior to the closing.
Pursuant to Stellantis Board Regulations, each director will have one vote and no director will have a casting vote on any decision.
For these purposes, “Independent Director” means a director meeting the independence requirements under the Dutch Corporate Governance Code and, with respect to members of the Audit Committee, also meeting the independence requirements of Rule 10A-3 under the Exchange Act, and the NYSE listing requiremen
Voting Limitations
The combination agreement provides that under Stellantis Articles of Association no shareholder, acting alone or in concert, together with votes exercised by affiliates of such shareholder or pursuant to proxies or other arrangements conferring the right to vote, may cast 30 percent (the “Voting Threshold”) or more of the votes that could be cast at any general meeting of shareholders of Stellantis, including after giving effect to any voting rights exercisable through Stellantis special voting shares. Any voting right in excess of the Voting Threshold will be suspended. Furthermore, Stellantis Articles of Association will provide that, before each general meeting, any shareholder holding voting rights in excess of the Voting Threshold is required to notify Stellantis, in writing, of its shareholding and total voting rights in Stellantis and provide, upon written request by Stellantis, any information necessary to ascertain the composition, nature and size of the equity interest of that person and any other person acting in concert with it. The Voting Threshold restriction (i) may be removed following a resolution passed to that effect at a meeting of Stellantis shareholders with a majority of at least two-thirds of the votes cast (for the avoidance of doubt, without giving effect to any voting rights exercisable through Stellantis special voting shares, and subject to the Voting Threshold), and (ii) will lapse upon any person holding more than 50 percent of the issued Stellantis common shares (other than Stellantis special voting shares) as a result of a public offer for Stellantis common shares.
Shareholders Undertakings
Each of the Reference Shareholders, in its capacity as shareholder of PSA or FCA, as applicable, has entered into a letter agreement (a “Letter Agreement”) with PSA or FCA, as applicable, setting forth, among other things, the following undertakings relating to the merger and the future governance of Stellantis:
Support of the Merger
Each Reference Shareholder has undertaken pursuant to its Letter Agreement to:
•appear in person or by proxy at each and every meeting of the shareholders of the relevant party at which any of the transactions contemplated by the combination agreement is proposed for approval and causing all shares owned or controlled by it or as to which it has the power to vote to be counted as present in accordance with any procedures applicable to such meeting whether for purposes of determining the presence of a quorum or otherwise;
•vote (or cause to be voted) all shares owned or controlled by it or as to which it has the power to vote in favor of any decision in furtherance of the approval of the transactions contemplated by the combination agreement that is submitted to the shareholders;
•vote (or cause to be voted) against (A) any other transaction, proposal, agreement or action made in opposition to or which is inconsistent with the transactions contemplated by the combination agreement, including any Acquisition Proposal that is submitted to the shareholders, and (B) any other action, agreement or transaction that is intended to, that would be reasonably expected to, or the effect of which would be reasonably expected to, impede, delay, discourage or adversely affect the transactions contemplated by the combination agreement or the performance by the relevant Reference Shareholder of its obligations under its Letter Agreement; and
•vote in favor of the adoption of any relevant governance document (e.g., articles of association and board internal rules) of Stellantis and any decision submitted to the governance bodies or shareholders of the relevant party which, in each case, implement the governance set forth in the combination agreement.
In addition, each Reference Shareholder has undertaken pursuant to its Letter Agreement (i) not to solicit, initiate or encourage any Acquisition Proposal or enter into, continue or participate in any discussions or negotiations with a third party regarding any Acquisition Proposal, (ii) to cease and cause to be terminated the participation of any of its representatives in all discussions or negotiations with any person conducted prior the date of the relevant Letter Agreement with respect to any proposal that constitutes or would reasonably be expected to lead to an Acquisition Proposal and (iii) not to accept, approve, recommend or enter into any agreement, in respect of an Acquisition Proposal.