Seeking Alpha

Italy's Fiat has won over the board of its U.S. tractor and construction machinery unit...

Italy's Fiat has won over the board of its U.S. tractor and construction machinery unit CNH Global (CNH) with an improved $1.5B bid that would create the world's third-largest capital goods group by sales. The new offer, which adds a ~$300M cash dividend to a previous all-share bid, would allow Fiat to buy the 12% of CNH it doesn't already own. CNH +4.5% premarket.
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