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Stock Market & Financial Investment News

News Breaks
November 19, 2012
10:10 EDTCNH, FNDSF, FIATYFiat Industrial submits final offer for CNH Global with $10/share dividend
Fiat Industrial (FNDSF) announced that it has submitted its best and final offer to the board of CNH Global (CNH) regarding the proposed strategic combination between Fiat Industrial and CNH. Fiat said the final offer preserves the essential components of its original offer of May 30, which contemplated the merger of each of Fiat Industrial and CNH into a newly-formed company in the Netherlands in which CNH shareholders would receive 3.828 NewCo shares for each CNH share and Fiat Industrial shareholders would receive one NewCo share for each Fiat Industrial share. To improve upon this original proposal, Fiat Industrialís final offer contemplates adding a cash dividend of $10 per CNH share to be paid to CNH shareholders prior to the merger and if practicable, prior to the end of this year. Adding the special dividend represents a 25.6% improvement over the implied value of the original proposal, plus the value associated with an accelerated distribution, Fiat said. Fiat Industrial will withdraw the offer and terminate discussions on the proposed merger unless the CNH board advises Fiat Industrial by 11:59 pm Eastern Standard Time on Wednesday, November 21, that it is prepared to recommend the terms of Fiat Industrialís final offer in their entirety and the parties enter into a definitive merger agreement by Sunday, November 25. If the offer is not accepted, Fiat Industrial said it intends to proceed with the other aspects of the proposed transaction, including the merger of Fiat Industrial with a newly formed company incorporated in the Netherlands with shares listed in New York and Milan.
News For CNH;FNDSF;FIATY From The Last 14 Days
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August 1, 2014
06:42 EDTFIATYChairman says 2% share in Fiat owned by PBC, Reuters says
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06:33 EDTFIATYFiat shareholders set to approve Chrysler merger, Reuters says
Fiat investors are anticipated to give the go-ahead in regards to the firm's merger with its U.S. division Chrysler, according to Reuters, citing comments from the carmaker's chairman John Elkann. Reference Link
July 31, 2014
06:07 EDTFIATYFiat recalling Fiat 500 L cars due to airbag defect, Detroit News reports
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July 28, 2014
10:38 EDTFIATYChrysler recalls 643,618 cars due to potential ignition switch defect
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July 25, 2014
08:58 EDTFIATYNHTSA opening new probe into defects in Dodge Chargers, Detroit News reports
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July 24, 2014
11:00 EDTFIATYPeugeot denies Fiat merger discussions report, Bloomberg says
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10:34 EDTFIATYFiat 'categorically denies' report of merger talks with Peugeot, Bloomberg says
Bloomberg cites a Fiat (FIATY) spokesperson responding by phone to the report from Financial Times.
10:32 EDTFIATYFiat, Peugeot held informal merger talks earlier this year, FT says
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10:30 EDTFIATYFiat, Peugeot held informal merger talks earlier this year, FT says
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07:26 EDTFIATYISS recommends Fiat investors vote against Chrysler deal, Reuters says
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July 23, 2014
07:20 EDTFIATYFiat head says VW tie-up never an option, Reuters says
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July 22, 2014
16:26 EDTFIATYChrysler recalling older-model SUVs over ignition switch concerns
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