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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