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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 MAY, 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
CNH COMPLETES REQUIRED DIVESTITURE
OF HAY AND FORAGE INDUSTRIES
For more Racine, Wisconsin (May 16, 2000) - CNH Global
information contact: (N:CNH) announced today that it has completed the
sale of its interest in Hay and Forage Industries
(HFI) to AGCO Corporation, following approval by
the U.S. Department of Justice. Terms of the
William B. Masterson agreement were not disclosed.
01 262 636 5793
The two companies announced earlier this
month that they had reached a sales
agreement, pending Department of Justice
approval. CNH agreed to sell its interest in
HFI in compliance with terms set by
Department of Justice's approval of the
business merger of Case Corporation and New
Holland in November 1999. Case and AGCO had
been joint venture partners in HFI since
1991.
AGCO will continue to provide Case IH-branded
hay tool products to the Case IH distribution
network until March 31, 2001. In addition,
the companies have agreed to a long-term
arrangement for the supply of parts for Case
IH products produced at the HFI plant. CNH is
currently developing a separate Case IH line
of hay and forage products.
CNH is successfully working toward completion
of all regulatory divestiture requirements in
North America and Europe. A sales agreement
with ARGO S.p.A., the holding company of
Landini S.p.A., for a plant in Breganze,
Italy, the Laverda line of non-hillside
combines that are produced there, and a
number of large square balers sold in Europe,
was approved by the European Commission last
week. In February, CNH completed the
divestiture of the Austrian commercial
distribution rights of two of its compact
tractor models to Lindner Traktorenwerk
GesmbH, an Austrian agricultural machinery
maker.
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. Based in the
United States, CNH has operations in 16
countries and sells its products in 160
markets through a network of more than 10,000
dealers and distributors. CNH equipment is
sold under the following brands: Case, Case
IH, Fermec, Fiatallis, Fiat-Hitachi,
Link-Belt (earth moving equipment), New
Holland, O&K and Steyr. CNH offers a range of
financial services under the Case Credit, New
Holland Credit, CNH Capital and Soris brands.
- - CNH Global N.V. Administrative Offices 700 State Street Racine,
WI 53404 U.S.A. http://www.cnh.com -
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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
Assistant Secretary
May 17, 2000
