CNH Global N.V. (NYSE: CNH) announced today that the shareholders of CNH Global N.V. met at an Extraordinary General Meeting and approved the merger between Fiat Industrial S.p.A. and CNH Global N.V. with and into a newly established company to be named CNH Industrial N.V.
Italian truck and tractor maker Fiat Industrial said on Tuesday it would hold an extraordinary shareholder meeting on July 9 to approve the merger with its U.S. unit CNH.
Farm and construction equipment maker CNH Global N.V. (CNH) has appointed a committee of directors to evaluate an offer from Fiat Industrial SpA (FI.MI)to acquire the CNH shares that Fiat doesn't already own.
CNH Industrial, the company recently created by Fiat Industrial SpA's (FI.MI) acquisition of CNH Global NV (CNH), is set to have its stock begin trading in New York by the end of the month, its chairman said Friday.
Fiat Industrial SpA (FI), the truck and tractor manufacturer that carmaker Fiat SpA (F) spun off in 2011, plans to merge with its CNH Global NV (CNH) (CNH) unit and move its primary listing to New York to lure more investors worldwide.
Sergio Marchionne, chairman of Italy's Fiat Industrial (FI.MI), said the company has committed to increase the investment of its CNH Global NV (CNH) subsidiary in Argentina to a total of US$200 million, La Repubblica reported in its Wednesday Internet edition.
Although Fiat Industrial (FI.MI) Chairman Sergio Marchionne says he's considering a range of options for the company's U.S.-listed subsidiary CNH, investors appear to be betting the parent will offer to buy the stake it doesn't own of the maker of farm and construction machinery as part of a plan to eventually move Fiat's Milan (FI.MI) listing to New York.
Fiat Industrial SpA's (FI.MI) chairman plans to simplify the company's share structure in a couple of years and could move its headquarters and stock listing to the United States, according to an analyst report published Monday.
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