Sept. 15, 2021

With a nearly unanimous vote, shareholders of Raven Industries Inc. approved the company’s pending acquisition by London-based CNH Industrial N.V.

Raven reported 71 percent of its outstanding shares voted, and, of those, 99 percent were in factor of the transaction.

“We thank our shareholders for their strong support of this transaction. We look forward to working with the CNH Industrial team to close the transaction,” CEO Dan Rykhus said in a statement.

The transaction is expected to close in the fourth quarter, subject to approval from the Committee on Foreign Investment in the United States and acceptance by the Defense Counterintelligence and Security Agency of a signed commitment letter.

Raven CEO speaks on pending acquisition, potential job growth