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

|About: CNH Global N.V. (CNH)|By:, SA News Editor

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.