CNH Industrial N.V. (CNHI) to Acquire Raven Industries (RAVN) for $58/sh
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CNH Industrial to acquire Raven Industries, enhancing precision agriculture capabilities and scale
June 21, 2021 1:32 AM EDTLondon/Sioux Falls, June 21, 2021
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announced that it has entered into an agreement to acquire 100% of the capital stock of Raven Industries, Inc. (NASDAQ: RAVN), a US-based leader in precision agriculture technology for US$58 per share, representing a 33.6% premium to the Raven Industries 4-week volume-weighted average stock price, and US$2.1 billion Enterprise Value. The transaction will be funded with available cash on hand of CNH Industrial. Closing is expected to occur in the fourth quarter of 2021, subject to the satisfaction of... More
