	amc amo takes no action on chrysler c bid american motors corp said its directors reviewed a chrysler corp merger proposal but took no action on it the company said its directors met in new york today at a regularly scheduled meeting the board s review is continuing with the company s independent legal and financial advisers american motors said in a statement issued from new york american motors board voted to postpone its annual shareholders meeting scheduled for april in southfield michigan the next regularly scheduled meeting of american motors board will be april although it is expected that directors will meet again prior to that date according to the statement early last week chrysler said it agreed to buy the pct interest owned by regie nationale des usines renault in american motors and uire the balance of american motors in a transaction valued at billion dlrs later that week amc said it had retained financial and legal advisers and expected to meet periodiocally over the next several weeks to consider the proposal reuter 
