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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
----- -----
(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
----- -----
(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 RECEIVES EUROPEAN COMMISSION APPROVAL FOR DIVESTITURES
For more Racine, Wisconsin (May 11, 2000) - CNH Global (N:CNH) announced
information it has received approval from the European Commission for the
contact: sale of selected agricultural equipment assets to ARGO S.p.A.,
the holding company of Landini S.p.A. The transaction includes
William B. a plant in Breganze, Italy, the Laverda line of non-hillside
Masterson combines that are produced there, and a number of large square
01 262 636 5793 balers sold in Europe. CNH is divesting these assets in
compliance with terms set by the European Commission's approval
of the business merger of Case Corporation and New Holland.
Covered under the agreements with ARGO are New Holland's
Laverda brand combine line (excluding hillside units) and Case
IH's large square baler models produced in Europe, along with
the Laverda and Fortschritt brands, respectively. In addition,
ARGO has exclusive commercial rights for these Laverda combines
in the European Economic Area (EEA). ARGO will have the option
of distributing the Laverda combines through the New Holland
dealer network, in addition to its own.
CNH also reached a supply agreement with ARGO to produce New
Holland's hillside model combines at the Breganze plant. CNH
retains the commercial rights to these models and will continue
to sell them through New Holland dealers. The agreement with
ARGO includes distribution rights to sell the hillside combines
under the Laverda brand to its dealer network as well.
In addition, CNH has negotiated an agreement with ARGO for the
continued supply of replacement parts for all of these
products.
Last week, CNH announced an agreement to sell its interests in
Hay & Forage Industries in Hesston, Kansas, pending approval by
the U.S. Department of Justice. And in February, CNH completed
the divestiture of the Austrian commercial distribution rights
of two of its compact tractor models to Lindner Traktorenwerk
GmbH, an Austrian agricultural machinery maker. The agreement
was approved by the European Commission and has already been
implemented.
- - CNH Global N.V. Administrative Offices 700 State Street Racine,
WI 53404 U.S.A. http://www.cnh.com -
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Negotiations for the previously announced divestiture of other
products and operations in North America and Europe are
continuing.
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 has operations in 16 countries and 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.
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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 15, 2000
