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Actionable news in FCAU: FIAT CHRYSLER AUTOMOBILES N.V.,

Fiat Chrysler Shares Surge on Reported Samsung Interest in Magneti Marelli

Fiat (FCAU) shares rose after Samsung Electronics emerged as the latest reported suitor in the carmaker's auto-parts affiliate Magneti Marelli.

Bloomberg reported a person familiar with the situation as saying that Samsung was in advanced talks about the purchase. Samsung is particularly interested in the in-car entertainment and telematics business but would consider an acquisition of the entire company, the report said. The deal could be worth more than $3 billion.

The report sent Fiat's shares up more than 7% in...


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