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.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.