Heavy equipment producers plan merger

Nov 26, 2012 | 12:55 PM | Corinna Petry

Tags  Fiat Industrial, CNH Global, merger, Case, New Holland, Steyr, Kobelco, Sergio Marchionne Corinna Petry

CHICAGO — Fiat Industrial SpA, which manufactures agricultural and construction equipment, trucks and commercial vehicles, has entered into a merger agreement with CNH Global NV, which also manufactures a wide range of agricultural and construction equipment.

"Completion of this merger will ... allow shareholders in both companies the opportunity to participate in the growth prospects of the world’s third-largest capital goods provider, which will be a true peer in scale and capital markets appeal to the other major global capital goods companies," Fiat chairman Sergio Marchionne said in a statement Monday.....

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