MILAN (AP) — Fiat Industrial says advisers for the U.S. farm equipment maker CNH Global N.V. have recommended that the board accept the latest offer for a full merger between the two companies.
Fiat Industrial Chairman Sergio Marchionne said in a statement Thursday that the advisers would work to finalize the deal in the coming days. Fiat Industrial, which already controls 88 percent of CNH, is seeking a full merger with the U.S. subsidiary to boost its scale and improve efficiency.
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