CNH Global’s Merger Agreement with Fiat Industrial

On November 26, 2012, the Special Committee (“Special Committee”) of the Board of Directors of CNH Global N.V. (“CNH”) announced that it has recommended the merger agreement entered into today between CNH and Fiat Industrial S.p.A. Cravath represented the Special Committee in connection with this transaction, which is expected to be completed in the second quarter of 2013 and is subject to customary regulatory approvals and limited closing conditions.

The Cravath team was led by M&A partners Richard Hall, Mark I. Greene and Minh Van Ngo and included associates Robert G. Little and Curtis S. Tiffany on M&A matters; partners Stephen L. Gordon and Lauren Angelilli and associates Joanne J. Lee and Jennifer L. Sabin on tax matters; partner Eric W. Hilfers and associates Audry X. Casusol and William B. Abbott on executive compensation and benefits matters; and partner Robert H. Baron on litigation matters. Rachael G. Coffey and summer associates Daniel Satin and Brandon Arnold also worked on M&A matters.