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Chrysler shares purchase delayed

AUBURN HILLS (WKZO) -- The expected closure of the deal giving Italian automaker Fiat 100-percent ownership of Chrysler may have been delayed due to Monday's holiday.

When the plan was announced on January 1st, officials said they expected to purchase the shares of the UAW Trust by January 20th.  However, banks were closed Monday, making cash transfers difficult.

Fiat is buying the 41.5-percent share for a reported 4.3-billion dollars.

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