Fiat Industrial sees CNH merger as more expensive than planned


MILAN, Oct 31 (Reuters) - Italian truck and tractor maker Fiat Industrial Chairman Sergio Marchionne said on Wednesday he sees an all-paper share swap merger with its CNH as being more expensive than planned. The company, which was spun off from Fiat in 2011, is continuing merger talks with CNH, Marchionne told analysts on a conference call. The plan, which aims to make the combined group's stock more attractive to investors, was rejected by a committee of ...

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