CNH Global N.V. Non-Binding Indication of Interest With Respect to the Potential Launch of a Voluntary Tender Offer for 100% of Kverneland ASA's Outstanding Shares
CNH Global NV (NYSE: CNH) confirms that it has today sent to the Kverneland ASA Board of Directors a non-binding indication of interest with respect to the potential launch of a voluntary tender offer for 100% of Kverneland ASA's outstanding shares at a price per share equal to NOK 9.50 (equivalent to an aggregate consideration of USD 246 million for 100% of Kverneland ASA's outstanding shares). The actual launch of such offer is subject to certain conditions including completion of satisfactory due diligence.
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