Benzinga | Sep 15, 2021 03:54PM EDT

Raven Industries Shareholders Approve CNH Industrial Transaction

* Raven Industries, Inc. (NASDAQ:RAVN) shareholders approved the pending transaction with CNH Industrial N.V. (NYSE:CNHI).

* Of the 71% of the outstanding shares voted, more than 99% voted in favor of the transaction with CNH Industrial.

* The transaction is expected to close in 4Q21.

* In June, CNH Industrial agreed to buy Raven Industries for $2.1 billion.

* Price Action: RAVN shares are trading lower by 0.21% at $57.62 and CNHI higher by 1.95% at $16.48 on the last check Wednesday.