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Fiat Industrial (FNDSF.PK) plans to merge with CNH Global (CNH), in which it owns 88%, and...

Fiat Industrial (FNDSF.PK) plans to merge with CNH Global (CNH), in which it owns 88%, and transfer the new company's primary listing to New York. Fiat would carry out the move via a share swap that wouldn't involve any cash. The merger should help improve the two companies' access to capital markets and lower borrowing costs.
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