CHRYSLER <C> VALUES AMC <AMO> AT 757 MLN DLRS
Chrysler Corp said it valued its
proposed buyout of American Motors Corp at 757 mln dlrs, not
counting the effect of a contingent payment that could reach
350 mln dlrs based on AMC's future profits.
    A Chrysler spokesman told Reuters that the letter of intent
signed with Renault, AMC's controlling shareholder with a 46.2
pct direct stake, includes a provision for Renault to be paid
35 mln dlrs in cash for AMC's finance subsidiary and 200 mln
dlrs in the form of an eight pct note. He said he did not know
the maturity of the note.
 Reuter
