Fiat Industrial and CNH Global Announce Name of Company to Result From Mergers

Fiat Industrial and CNH Global Announce Name of Company to Result From Mergers 
TURIN, ITALY and BURR RIDGE, IL -- (Marketwired) -- 06/06/13 --  
Fiat Industrial S.p.A. (FI.MI) and CNH Global N.V. (NYSE: CNH)
announced today that the name of the Fiat Industrial subsidiary, FI
CBM Holdings N.V., into which Fiat Industrial and CNH are proposed to
be merged, will be changed to CNH Industrial N.V. ("CNH Industrial"). 
If the mergers are approved by the requisite votes of the Fiat
Industrial shareholders and the CNH shareholders, Fiat Industrial and
CNH will each be merged into CNH Industrial. CNH Industrial's shares
will be listed on the New York Stock Exchange and shortly after the
closing of the merger on the Mercato Telematico Azionario managed by
Borsa Italiana. 
The merger agreement contains customary representations and
warranties and the mergers are subject to customary closing
conditions, including a condition capping the exercise of withdrawal
rights by Fiat Industrial shareholders and opposition rights by Fiat
Industrial creditors, at EUR 325 million in the aggregate. The
mergers are also subject to approval by the shareholders of each of
Fiat Industrial and CNH. Fiat Industrial, as 87% shareholder of CNH,
has agreed to vote its CNH shares in favor of the merger at the CNH
shareholders' meeting. The merger is expected to close during the
third quarter of 2013. 
Fiat Industrial S.p.A. is a global leader in the capital goods sector
that, through its various businesses, designs, produces and sells
agricultural and construction equipment (CNH Global N.V.), trucks,
commercial vehicles, buses and special vehicles (Iveco S.p.A.), in
addition to engines and transmissions for those vehicles and for
marine applications (FPT Industrial S.p.A.). Present in all major
markets worldwide, Fiat Industrial is focused on expanding its
presence in high growth markets, including through new joint
ventures. Further information on Fiat Industrial Group and its
businesses is available on the corporate website 
CNH Global N.V. is a world leader in the agricultural and
construction equipment businesses. Supported by approximately 11,500
dealers in approximately 170 countries, CNH brings together the
knowledge and heritage of its Case and New Holland brand families
with the strength and resources of its worldwide commercial,
industrial, product support and finance organizations. CNH Global
N.V., whose stock is listed on the New York Stock Exchange (NYSE:
CNH), is a majority-owned subsidiary of Fiat Industrial S.p.A.
(FI.MI). Further information on CNH and its Case and New Holland
products can be found on the corporate website 
This document does not constitute an offer to exchange or sell or an
offer to exchange or buy any securities. 
An offer of securities in the United States pursuant to a business
combination transaction will only be made through a prospectus which
is part of an effective registration statement filed with the U.S.
Securities and Exchange Commission. CNH Global N.V. ("CNH") and Fiat
Industrial S.p.A. ("Fiat Industrial") shareholders who are U.S.
persons or are located in the United States are advised to read the
registration statement when and if it is declared effective by the
U.S. Securities and Exchange Commission because it will contain
important information relating to the proposed transaction. You will
be able to inspect and copy the registration statement relating to
the proposed transaction and documents incorporated by reference at
the SEC's Public Reference Room at 100 F Street, N.E., Room 1580,
Washington, D.C. 20549. CNH's SEC filings are also available to the
public at the SEC's web site at In addition, Fiat
Industrial will make the effective registration statement available
for free to shareholders of CNH and Fiat Industrial in the United
This communication contains forward-looking statements relating to
CNH, Fiat Industrial and the proposed business combination between
them. All statements included in this communication concerning
activities, events or developments that we expect, believe or
anticipate will or may occur in the future are forward-looking
statements. Forward-looking statements are based on current
expectations and projections about future events and involve known
and unknown risks, uncertainties and other factors, including, but
not limited to, the following: uncertainties as to whether the
proposed business combination will be consummated, uncertainties as
to the timing of the proposed business combination, uncertainties as
to how many shareholders will participate in the proposed business
combination, the risk that the announcement of the proposed business
combination may make it more difficult for CNH or Fiat Industrial to
establish or maintain relationships with its employees, suppliers and
other business partners, the risk that the businesses of CNH or Fiat
Industrial will be adversely impacted during the pendency of the
proposed business combination; the risk that the operations of CNH
and Fiat Industrial will not be integrated successfully, the risk
that the expected cost savings and other synergies from the proposed
business combination may not be fully realized, realized at all or
take longer to realize than anticipated, and other economic, business
and competitive factors affecting the businesses of CNH and Fiat
Industrial generally, including those set forth in CNH's annual
report on Form 20-F for the year ended December 31, 2012, filed by
CNH with the SEC on March 1, 2013 and in the annual report of Fiat
Industrial for the year ended December 31, 2012. These
forward-looking statements speak only as of the date of this
communication and we undertake no obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events and developments or otherwise, except as required by
For more information contact: 
Fiat Industrial S.p.A.
Via Nizza 250, 10126 Torino
Tel. +39 011 006 2464
Fax +39 011 006 2094 
CNH Investor Relations
+1 (630) 887-3745 
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