Investors approved, bidding up Fiat shares more than 5percentto to 5.86 euros, on the exchange in Milan.
What follows now is a court approved bidding process, with the closing date for additional bids set at February 2. "The Group's bid may not result in a transaction if higher or more favourable offers are obtained by Nasty Gal during the auction process," writes Nasty Gal.
There was no word late last night if he had approved the bid.
Hunt essentially approved the bid, bar a few details, on 30 June.
Later in the day, the Credit Commercial board approved the bid, at Mr. Croisset's suggestion.
Wiretaps leaked by prosecutors recorded Mr Fazio phoning Mr Fiorani after midnight to say he had just approved the bid.
In April it approved a bid by the Chinese shipping giant Cosco to buy a 67% stake in Piraeus.
[C4.] U.S. Approves Global Crossing Sale President Bush approved the bid of Singapore Technologies Telemedia to buy 61.5percentt of the bankrupt fiber optic network operator Global Crossing.
Bizarrely, Portugal's competition authority approved the bid late last year, even though PT and Sonaecom would together control nearly 70% of the mobile-phone market.
The Glendale City Council recently approved a bid by Jerry Reinsdorf, the owner of the Chicago White Sox and the Chicago Bulls, for an arena lease that would keep the Coyotes here.
In January, in the most recent case of consolidation, the government approved a bid by Comcast to take control of NBC Universal.
