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Fiat Industrial Confirms Non-binding Offer For Kverneland ASA

MILAN -(Dow Jones)- Fiat Industrial SpA (FI.MI) said its tractor unit CNH Global NV (CNH) made a non-binding offer to buy 100% of Norwegian agricultural machinery maker Kverneland ASA's (KVE.OS) shares for NOK9.50 each. The offer tops the NOK8.50 per share made on Dec. 16 by Japan's Kubota Corp. (6326.TO), and values the company at $246 million. The offer was made to Kverneland's board, Fiat Industrial said. At 1300 GMT, Kverneland shares were 16.8% higher at NOK9.83. -By Jennifer Clark, Dow Jones Newswires; 39 02 58 21 9904; jennifer.clark@dowjones.com

Stock News for Cnh Global (CNH)
DateTimeHeadline
05/14/201309:12:43Fiat Industrial Extends Output Halt over Supplier Spat
04/30/201317:51:42Fiat, Cummins Look for Traction in Sliding Truck Market
04/30/201310:04:46Fiat Industrial Cuts 2013 Targets as 1Q Misses Expectations
03/05/201313:00:13Fiat Focused on Buying Out Chrysler Minority Shareholders
01/31/201306:31:33Fiat Industrial Fourth-Quarter Net Profit Up 20%
01/31/201305:43:32CNH: 4Q Net up 22% at $230 Million, EPS at $0.92
11/26/201217:20:10Fiat Industrial, CNH Global to Combine Businesses
11/22/201203:15:04Fiat Industrial Confirms CNH Global Committee Favors Its Offer
11/21/201220:49:50Special CNH Global Committee Favors Latest Offer From Fiat Industrial
11/19/201212:14:23Fiat Industrial Won't Make Another CNH Buyout Offer
11/19/201210:45:09Fiat Industrial Sweetens CNH Minority Stake Bid with Cash
11/12/201203:19:31Fiat Industrial Sets Up Executive Council Ahead of CNH Merger
11/01/201213:07:47Agco, CNH's 3rd-Quarter Results Expose Fault Line From Farm Drought
10/31/201213:41:04Fiat Industrial's CNH Buy-Out Offer To Be Costlier - Chairman
10/31/201207:54:47Correction to Fiat Industrial Earnings Story
10/31/201206:55:41Fiat Industrial Gains Traction on Farming, Construction Vehicles
10/31/201205:57:25Iveco In Joint Venture to Make Buses, Trucks in South Africa
10/15/201203:51:35Fiat Industrial To Consider Revising CNH Buy-Out Offer
10/15/201202:46:48CNH Board Committee Rejects Fiat Industrial Buy-Out Offer
10/05/201208:28:20Fiat Industrial yet To Get Update on CNH Offer

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