Shareholder yes to Case/NH merger
SHAREHOLDERS of Case Corporation have approved the companys proposed merger with New Holland.
At a meeting held in Racine, Wisconsin, 99% voted in favour.
Announced on 17 May, the merger is expected to be completed during the latter end of this year, subject to regulatory approval.
Under the terms of the merger agreement, which will create a $12bn company, Case shareholders will receive $55 a share in cash. A name for the newly-formed company has yet to be announced. *