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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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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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July 17, 2014
07:50 EDTFIATYBiggest Fiat stakeholder denies possible VW acquisition, Bloomberg says
Fiat's (FIATY) largest stakeholder, the Agnelli family, said that there were no talks regarding a merger between the Italian car manufacturer and Volkswagen (VLKAY), according to Bloomberg, citing a spokesman for Exor, the Agnelli family's investment firm. Exor owns 30% of Fiatís shares and was responding to a report by Germanyís Manager Magazin. Reference Link
06:44 EDTFIATYReport says VW in talks to buy Fiat, Reuters says
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06:28 EDTFIATYChrysler pressured to fix Jeep recall faster, Detroit News says
The National Highway Traffic Safety Administration pressured Chrysler to resolve recalls for Jeep Grand Cherokee and Liberty vehicles due to risk of fire. The company stated it will be able to produce enough trailer hitches to complete the 1.56M vehicle recall faster than anticipated, reports the Detroit News. Reference Link
July 16, 2014
06:19 EDTFIATYFord, GM, Chrysler not interested in Tesla patents, Detroit News says
Ford (F), General Motors (GM), and Chrysler (FIATY) either have little interest in Tesla's (TSLA) EV patents or the companies are not sharing their plans, reports the Detroit News. Reference Link
July 15, 2014
06:27 EDTFIATYAutomakers backing U.S.-EU trade deal, NY Times reports
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July 11, 2014
08:24 EDTFIATYChrysler issues recall for 895K SUVs due to fire potential, Detroit News says
Chrysler, a division of Fiat, said that it is issuing a recall for 895K sport-utility-vehicles due to fire worries and will reroute wiring for vanity-mirror lights after government regulators decided to upgrade a probe into the problem, according to the Detroit News, citing comments from the Auburn Hills unit of Fiat Chrysler Automobiles. Reference Link
July 10, 2014
09:56 EDTFIATYFord, Fiat Chrysler inquire about EU changes, FT says
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July 9, 2014
09:47 EDTFIATYNew car sales in India rose 15% in June, WSJ reports
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