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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF JULY, 2000.
CNH GLOBAL N.V.
(TRANSLATION OF REGISTRANT'S NAME INTO ENGLISH)
WORLD TRADE CENTER
TOWER B, 10TH FLOOR
AMSTERDAM AIRPORT
THE NETHERLANDS
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
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(Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No X
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(If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- _______.)
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[CNH LOGO]
NEWS RELEASE
For Immediate Release
Terms Set for CNH Rights Offering for Shareholders
For more Racine, Wisconsin July 3, 2000 - CNH Global (N:CNH)
information contact: said today that, under its previously announced share
rights offering, shareholders of record as of June 30,
William B. Masterson 2000, would be eligible to purchase 1.2021154 shares
01 262 636 5793 for every one share of common stock that they own at a
price of $10.9444 per share. The subscription period
for the offering commences on July 3, 2000 and
concludes on August 4, 2000.
The rights offering price was determined by averaging
the daily closing prices (after excluding the highest
and lowest prices) of CNH stock on the New York Stock
Exchange for the 20 trading days preceding June 30,
2000. The number of shares eligible for purchase was
determined from a ratio that enables shareholders to
maintain their ownership position relative to Fiat,
CNH's largest shareholder, following the previously
announced conversion of Fiat's $1.4 billion advance to
capital into shares of CNH Global common stock, which
occurred on June 30, 2000. Fiat has agreed not to
purchase additional shares through this rights
offering.
The rights are issued to shareholders as of the June
30 record date and are non-transferable. Any
unexercised rights will expire as of 5 p.m. (U.S. EDT)
on August 4, 2000.
With strong global brands, CNH is a leader in the
agricultural equipment, construction equipment and
financial services industries and had combined 1999
revenues of approximately $11 billion. CNH sells its
products in 160 markets through a network of more than
10,000 dealers and distributors. CNH products are sold
under the following brands: Case, Case IH, Fermec,
Fiatallis, Fiat-Hitachi, Link-Belt (earth-moving
equipment), New Holland, O&K and Steyr.
A registration statement relating to these securities
has been filed with the U.S. Securities and Exchange
Commission. These securities may not be sold nor any
offers to buy be accepted prior to the time the
registration statement becomes effective. This press
release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be
any sale of these securities in any State in which
such offer, solicitation or sale would be unlawful
prior to registration or qualification under the
securities laws of any such State.
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Taylor Rafferty is acting as information agent for the
rights offering. They can be contacted at
[email protected]; at 205 Lexington Avenue, New
York, NY, 10016, (212) 889-4350; or at 21 New Fetter
Lane, London, England, EC4A 1AE, +44 (0) 20-7936-0400.
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SIGNATURES
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934, THE
REGISTRANT HAS DULY CAUSED THIS REPORT TO BE SIGNED ON ITS BEHALF BY THE
UNDERSIGNED, THEREUNTO DULY AUTHORIZED.
CNH Global N.V.
By: /s/ Kevin J. Hallagan
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Kevin J. Hallagan
Vice President, Associate General
Counsel and Assistant Secretary
July 6, 2000
