BUSINESS NEWS

摘要

Cnh has agreed to recommend an improved merger offer from majority owner Fiat Industrial (Fl) to its shareholders. The offer includes a US$10 (€7.7) per share special dividend to minority shareholders which hold just under 11% of the company. Fl owns an 89.1% stake in CNH and in May proposed a merger that would see it fully acquire the company. This original all-share deal was rejected by a special committee set up by CNH to scrutinise the proposal, prompting Fl to come back with a "best and final offer".