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Hesston and Fiat announce merger with Fiat majority control
Hesston Corp and Fiat announce a merger in which Fiat gains 50.2 percent voting stock by purchasing 2 million Hesston shares for 20 million. Hesston would maintain management and identity while stockholders approve in a meeting likely in August. The deal aims to revitalize Hesston sales and inject cash amid multi million losses from cattle price declines and dealer inventories.
MENTIONED IN THIS ARTICLE
Hesston
UPI
Hesston Corp
Fiat
Internazionale
Zurich
Switzerland