CNH Receives Revised Proposal From Fiat

By CnAgri Print

The special committee of the board of directors of CNH Global N.V. confirmed that it has received a revised proposal from Fiat Industrial S.p.A. regarding a potential strategic combination between the two companies.

The panel says it will review the proposal in consultation with its financial and legal advisors.

The committee advises the company's shareholders and others considering trading in its securities that the group is evaluating the proposal and there can be no assurance that the proposal will lead to any definitive offer, that any agreement will be reached or that any transaction will be consummated.

CNH says at this time, no action by the company's shareholders is required. Further announcements will be made by the special committee when and as appropriate.