WALL STREET STOCKS/CHRYSLER <C>, AMC <AMO> The proposed 757 mln dlr deal under which Chrysler Corp would acquire American Motors Corp was described by analysts as a reasonable deal for both companies. Ronald Glantz of Montgomery Securities said AMC common stock could be fairly valued at "just under five dlrs a share" given changes brought by tax reform and that Chrysler's offer to pay four dlrs a share of Chrysler stock to AMC holders other than Renault as a "a good price for Chrysler. AMC common shares opened at four dlrs this morning after the Renault-Chrysler announcement, up 3/8, while Chrysler shares lost 1/4 to 52-1/4. Though AMC issued a statement saying that it was studying the proposed buyout and had no other comment, Glantz said he regarded the proposal as a "done deal" because "I can't believe anybody else would make a bid." "It's a reasonable deal for both sides," the analyst told Reuters. "Chrysler gets the jeep franchise and the (new AMC) Bramalea, Ontario, plant and the (new Renault) Premier (mid-sized car) and AMC's sales will go up because buyers will have more confidence that the manufacturer will still be around to service the products," Glantz said. Analyst Thomas O'Grady said Chrysler would be getting more manufacturing capacity, including a brand-new plant in Canada, for a bargain price and Renault would be getting some return after its prolonged loss-making investment in AMC.