In the wake of Tracinda Corp.’s 1995 failed LBO proposal to Chrysler, Tracinda recruited RA Capital Advisors to create a strategy through which Tracinda (owner of a 14.5% common stock position in Chrysler) could effectively influence the Board for positive change. Led by RA Capital Advisors, Tracinda’s activities resulted in a 20% increase in Chrysler’s dividend, an incremental $3 billion share repurchase program, a policy to distribute excess cash to shareholders, and Tracinda’s representation on Chrysler’s board.
- Industry: Automotive
- Deal Type: Strategic Advisory
- Location: Detroit, MI