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CNH Cnh Global N.V.

49.96
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cnh Global N.V. NYSE:CNH NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 49.96 0.00 01:00:00

CNH Industrial to List Stock in New York on Sep 30

13/09/2013 1:25pm

Dow Jones News


Cnh Global (NYSE:CNH)
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By Laura Bonadies

TURIN--CNH Industrial, the company recently created by Fiat Industrial SpA's (FI.MI) acquisition of CNH Global NV (CNH), is set to have its stock begin trading in New York by the end of the month, its chairman said Friday.

"The listing of CNH Industrial in New York will be on Sept. 30," Sergio Marchionne, told reporters on the margins of an event.

Fiat Industrial's acquisition of CNH creates the third largest capital goods maker in the world and the second biggest maker of farming machinery after Deere & Co.

The listing is the culmination of more than a year's work to create a single company with a simpler structure focused on engines, trucks, farm and construction machinery.

Fiat Industrial already owned most of CNH before it offered to buy out minority shareholders.

CNH Industrial, which will have a secondary stock listing in Milan, will be incorporated in the Netherlands. It has made a request to have fiscal residency in the United Kingdom.

Write to Gilles Castonguay at gilles.castonguay@dowjones.com; Twitter: @GRCastonguay

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