MILAN Feb 21 Italian tractor and truck maker
Fiat Industrial said on Thursday its board had approved
final terms of a planned merger with its 88 percent-owned CNH
The two groups will be merged into an as yet unnamed new
Netherlands-based company, which will be the world's
third-largest capital goods maker by sales, Fiat Industrial said
The merger will be through a share swap carried out after
The new company will be listed in New York, and will have
a secondary listing in Milan where shares will begin trading
after the U.S. market debut, Fiat Industrial said on Thursday.
The date for an upcoming Fiat Industrial shareholders
meeting to approve the merger will be "disclosed pursuant to
applicable law and regulation," the company said.