US carmaker
Chrysler has filed papers for an initial public offering as its two biggest
stakeholders continue to disagree on the terms of a merger.
Majority owner
Fiat wants to acquire the 41.5% stake of Chrysler currently held by a
healthcare trust but they have failed to agree on a valuation.
Chrysler did not
say how many shares it plans to sell and at what price range.
But analysts said
the sale may not happen as the two sides were likely to come to an agreement
eventually.
"This is just
the negotiating dance that they have to go through to come to an
agreement," said Richard Hilgert, a Morningstar analyst who watches both
Fiat and Chrysler.
Chrysler said that
the proceeds from a sale would go to the United Auto Workers health care trust
- which owns the 41.5% stake.
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