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Fiat Industrial and U.S.-based CNH seal merger agreement

Deal consistent with Fiat industrial's Nov 19 final offer

26 November, 17:10
Fiat Industrial and U.S.-based CNH seal merger agreement (ANSA) - Rome, November 26 - Fiat Industrial and US-based agricultural machinery maker CNH sealed a definitive merger agreement, CNH announced in a statement Monday.

The terms of the deal between the Italian automaker and the American agricultural machinery manufacturer are consistent with Fiat Industrial's final offer announced November 19. Those terms include a cash dividend of $10 per share to be paid to minority shareholders prior to the merger's completion.

The merged company will be listed on the New York Stock Exchange.

It will also "use its reasonable best efforts" to be listed on the electronic Milan stock exchange, known as the Mercato Telematico Azionario.

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