CNH Global Holders Approve $10/Share Special Dividend
CNH Global (NYSE: CNH) announces shareholders approved a A special dividend to stockholders in the amount of US$10.00 per common share. As a result of the amendment to the Articles of Association, all of the common shares held by FNH were converted into common shares B. Accordingly, the cash payment of US$10 per common share will only be made to the non-FNH shareholders of the Company, as the holders of the Company's regular common shares.
In connection with the dividend, establishment of a separate dividend reserve, a separate retained earnings reserve and a separate share premium reserve exclusively attached to the common shares B, and allocation of funds in respect of these reserves.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.