Fiat Industrial merger to take place by Sept 1 - Elkann

Newswire

TURIN, May 30 (Reuters) - Italian truck and tractor maker Fiat Industrial's merger with its U.S. unit CNH will take place between July 4 and Sept. 1, the company's controlling shareholder said on Thursday. "The merger will take place between July 4 and Labor Day," said Exor Chairman John Elkann at a shareholders' meeting. Exor holds around 30 percent of both Fiat Industrial and carmaker Fiat. Fiat Industrial will buy the 12 percent of CNH it does ...

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