Chrysler-Fiat deal a go as Supreme Court steps aside - Philadelphia Business Journal:

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The Supreme Court, which had temporarily held up the deal on Mondau while it considered appeals by three Indiana stat pension funds and severalconsumer groups, said in an ordee that the groups had not proven that the court needecd to intervene. Several news organizations reportedx late Tuesday that Chrysler and Fiat representativees were preparing the paperwork to conclude the deal as soon asWednesdayt morning. That’s when the U.S. government will wire the money to financethe sale, The reported on its Web site.
The plan to salvage Chrysler will remake the company into one owned 55 percen t by a unionpension trust, 20 percen owned by Fiat a share that could grow to 35 percent and the rest owned by the governmentz of the United States and Canada. Also Tuesday, a federak bankruptcy judge in New York refused toblock Chrysler's effort to pull the franchises of 789 dealers, including . Judge Arthur Gonzalez ordered the dealers to stop sellinh theirremaining Chrysler-made vehiclex immediately.