The board of directors of CNH Global N.V. has approved the merger of CNH Global N.V. with and into NewCo, a subsidiary of Fiat Industrial S.p.A. incorporated under Netherlands law. The merger agreement, executed Nov. 25, 2012, provides for the shareholders of CNH — other than Fiat Netherlands Holding N.V. — to receive 3,828 common shares of NewCo for each share of CNH that they own.
The effectiveness of the CNH merger is subject to the satisfaction of a number of conditions, including the approval by the shareholders of CNH and the satisfaction of all requirements for listing NewCo shares on the New York Stock Exchange. The CNH merger will be submitted for shareholder approval at the company’s shareholder meeting April 5.
