CNH Global NV (CNH) rejected a buyout offer from parent Fiat Industrial SpA (FI) in a blow to Chairman Sergio Marchionne's plan to move the truck and tractor maker's primary listing to New York from Milan, according to a Bloomberg report.
Sydenstricker Nobbe Partners CEO Ted Briscoe says the ownership groups worked together to identify all the core business processes and each shared how they did it, then they picked the processes that made the most sense, were the most scalable and would be most appropriate for the size of the merged business.
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