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Fiat Industrial and CNH Global announce definitive agreement to combine businesses

Posted: 11/26/2012 | Views: 762

Fiat Industrial S.p.A. (MI:FI) and CNH Global N.V. (NYSE: CNH) announced November 26 that they have entered into a definitive merger agreement to combine the businesses of Fiat Industrial and CNH. The terms of the definitive merger agreement are consistent with Fiat Industrial’s final offer announced November 19. The terms provide that Fiat Industrial and CNH will each merge into a newly-formed company organized under the laws of the Netherlands (NewCo). Fiat Industrial shareholders will receive one NewCo share for each Fiat Industrial share and CNH shareholders will receive 3.828 NewCo shares for each CNH share in the merger.

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Source: CNH

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