YOUR FRIENDS' ACTIVITY

    CNH advisers recommend Fiat Industrial merger

    Associated Press – Thu, Nov 22, 2012

    MILAN (AP) — Fiat Industrial says advisers for the U.S. farm equipment maker CNH Global N.V. have recommended that the board accept the latest offer for a full merger between the two companies.

    Fiat Industrial Chairman Sergio Marchionne said in a statement Thursday that the advisers would work to finalize the deal in the coming days. Fiat Industrial, which already controls 88 percent of CNH, is seeking a full merger with the U.S. subsidiary to boost its scale and improve efficiency.

    Earlier this week, Fiat Industrial sweetened its offer to include a cash dividend of $10 per CNH share — which it said improves the deal's value by 25 percent.

    Under the offer proposed last spring, each CNH shareholder would receive 3.828 shares of the merged company, while each Fiat Industrial shareholder would receive one share.

    Loading...

    More Business News

     

    News for You »

    • The Gruesome Details of London's Horrifying Machete Attack

      An attack in broad daylight in London on Wednesday is drawing a swift response — and a possible terror link — from the highest authorities. Reports suggest two men chased down another man with their car before getting out, attacking him with a machete, and dragging him through the city streets. 

    • Cycling-Road-Giro d'Italia classification after stage 16

      May 21 (Infostrada Sports) - Classification from Giro d'Italia after Stage 16 on Tuesday 1. Vincenzo Nibali (Italy / Astana) 67:55:36" 2. Cadel Evans (Australia / BMC Racing) +1:26" 3. Rigoberto Uran (Colombia / Team Sky) +2:46" 4. Michele Scarponi (Italy / Lampre) +3:53" 5. Przemyslaw Niemiec (Poland / Lampre) +4:13" 6. Mauro Santambrogio (Italy / Vini Fantini) +4:57" 7. Carlos Betancur (Colombia / AG2R) +5:15" 8. Rafal Majka (Poland / Saxo - Tinkoff) +5:20" 9. Benat Intxausti (Spain / Movistar) +5:47" 10. Domenico Pozzovivo (Italy / AG2R) +7:34" 11. Tanel Kangert (Estonia / Astana) +7:43" ...

    • Dog Found Standing Guard Over a Tornado Victim Reunited With Her Owner

      There's a happy ending to the story of a dog, found alive in the rubble after a massive tornado devastated Moore, Oklahoma: she's been reunited with her owner.

    • Extreme Solar Storm Could Cause Widespread Disruptions on Earth

      WASHINGTON — If an extreme solar storm aimed at the Earth hits in just the right way, it could put interconnected electrical grids around the world at serious risk, experts say.

    • 10 gut-wrenching images from the devastating Oklahoma tornado

      Entire neighborhoods and two elementary schools were obliterated

    • IRS official Lois Lerner invokes Fifth Amendment. Why won't she talk?

      Lois Lerner, the Internal Revenue Service official at the center of the storm over the agency’s targeting of conservative political groups, invoked her Fifth Amendment rights against self-incrimination Wednesday and declined to testify at a House hearing on the matter.

    • Judge: Hollister clothing unfriendly to disabled

      DENVER (AP) — A federal judge in Denver is contemplating an injunction against Abercrombie & Fitch Co. and J.M. Hollister LLC after ruling earlier that nearly 250 of their clothing stores that cater to a hip, young clientele are unfriendly to the disabled.

    • Is Greek yogurt hurting the environment?

      Good for your body; terrible for the planet

    Show More
    Loading...

    Follow Yahoo! News

    Brought to you byYahoo! Finance