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Coke-in-MN 
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Joined: 12 Sep 2009
Location: Afton MN
Points: 41210
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 Topic: FIAT / CNH merger - one company
Posted: 02 Jun 2012 at 9:34am |
Fiat Industrial has formally requested a merger with CNH Global and asked that a committee be formed to study the idea. The proposal was set forth in a letter sent today by Sergio Marchionne, chairman of Fiat, to the board of directors of CNH. Marchionne calls the existing corporate structure “cumbersome and value-restraining.” He suggests creating a “single class of liquid stock listed in New York with a secondary listing in Europe.” The move, he says, would give CNH the “ability to more effectively utilize the financial services and treasury operations of the broader group and achieve greater scale in key emerging markets.” The merger would create a new holding company, and Fiat wants to complete a transaction by the end of 2012. Fiat currently owns approximately 88 percent of CNH’s shares.
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Faith isn't a jump in the dark. It is a walk in the light. Faith is not guessing; it is knowing something.
"Challenges are what make life interesting; overcoming them is what makes life meaningful."
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JarrodACFan
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Joined: 24 Jan 2012
Location: Delaware Co. IN
Points: 732
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Posted: 02 Jun 2012 at 10:03am |
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I was gonna say, since Fiat owns 88%, couldn't they just tell them what to do?
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1956 WD45 Narrow Front Factory Power Steering, 1953 WD Wide Front
Allis Express in Muncie, IN
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DougG
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Joined: 20 Sep 2009
Location: Mo
Points: 7946
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Posted: 02 Jun 2012 at 6:40pm |
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May as well i guess , Fiat is really owning some stuff here in the US ; why cant the CEO,s of these American outfits figure out what Fiat has many years ago ???
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JohnCO
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Joined: 11 Sep 2009
Location: Niwot Colo
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Posted: 02 Jun 2012 at 10:38pm |
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I read that a few days ago, seems like they are just simplifying things. Is it just the construction machinery business or for the entire outfit?
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"If at first you don't succeed, get a bigger hammer"
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MaxJordan
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Joined: 03 Aug 2012
Location: USA
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Posted: 03 Aug 2012 at 3:05am |
Yea! its true they simplifying certain things. It will definitely gonna successful Idea. business merger
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ac_sd
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Joined: 23 Apr 2011
Points: 194
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Posted: 03 Aug 2012 at 9:00pm |
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I am always concerned when it involves Fiat in the Construction/Farm Machinery arena. They did a Lousy job with the Allis/Fiat merger, and I'm not sure New Holland is a good example, either!!!!
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DMiller
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Joined: 14 Sep 2009
Location: Hermann, Mo
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Posted: 04 Aug 2012 at 6:36am |
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Fiat only buys to eliminate competition, why can our lawmakers not see that and shut this kind of tactic down?
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ac_sd
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Posted: 04 Aug 2012 at 8:56am |
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A good friend of mine who runs an aftermarket parts business here in San Diego knew the fellow who ran Fiat-Allis's North American operation for several years. Unfortunately, many corporate decisions pre-ordained the final outcome! The fact that I understand New Holland has dis-continued distributing crawlers and other construction equipment seems unfortunately similar to Fiat-Allis. I realize it is a different branch of Fiat, but I wonder what the long term impact for Chrysler will be........ Fiat was never very successful marketing automobiles in the North American market in years past, I hope they do better this time.......
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