Fiat Industrial SpA (BIT: FI), a designer of agricultural equipment and vehicles, is making one last push to acquire subsidiary CNH Global NV, a farm equipment manufacturer.

The Torino, Italy-based truck and tractor maker said the sweetened bid is its “best and final offer." Fiat, which currently owns 88 percent of CNH, offered to buy the remaining 12 percent by raising the value of the deal by more than 25 percent.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.