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CNH Global turns down $1.1 billion offer from Fiat Industrial

from Farm Equipment

CNH Global has rejected a buyout offer from parent Fiat Industrial in a blow to Chairman Sergio Marchionne's plan to move the truck and tractor maker's primary listing to New York from Milan, according to a Bloomberg report. "We have unanimously concluded that the proposal is inadequate," a CNH special committee evaluating the offer said in a statement. more

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