Lunedì, 22 Ottobre 2018
TURIN

Fiat industrial makes last and final merger offer to CNH

English
© ANSA

Turin, November 19 - Fiat Industrial Chairman
Sergio Marchionne warned on Monday that Fiat Industrial would
move forward on its merger with agricultural machinery maker CNH
even if its last and final merger offer is not accepted.
Marchionne said Fiat Industrial "intends to go forward and
take all the actions permitted" while "respecting the rights of
CNH minority stakeholders" in order to give Fiat Industrial
stakeholders "the benefits sought by the operation".
Fiat Industrial announced its last and final merger offer
to CNH on Monday after CNH's Special Committee rejected Fiat's
original proposal on October 15.
The new offer includes a $10 dividend per CNH share to be
paid to CNH shareholders prior to the merger, as well as "an
accelerated realization of a significant portion of the value of
the transaction".
Fiat Industrial said the special dividend represents a
25.6% improvement over the "implied value" of the original
proposal made on May 30.

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