5-17-99    NEW HOLLAND/CASE TO FORM LEADING
                 GLOBAL EQUIPMENT COMPANY

 -  New Holland's parent company, Fiat, will maintain 71%
    controlling interest in the new company.  The remaining
    29% of the new company will be traded on the NYSE

 -  New $12 billion company will have the broadest global
    reach in the industry

 -  Case shareholders will receive $55 per share from New
    Holland NV through a cash merger transaction

 -  Product, business and distribution strengths of New
    Holland and Case create stronger enterprise to benefit
    customers, dealers and shareholders

 -  World-class brands of both companies to be maintained

Back to Newsletter