New Holland and the Ag Equipment Group Message Board

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Non-Tech : New Holland and the Ag Equipment Group

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To: Michael Burry who wrote ()	8/7/1999 11:48:00 AM
From: kendall harmon	of 113

AG--Friday's action was takeover speculation as I surmised DULUTH, Ga. (CBS.MW) -- Shares of AGCO Corp. surged more than 20 percent Friday as speculation of a possible takeover boosted volume to 11.8 million shares. AGCO (AG: news, msgs) stock jumped 2 1/8 to 11 5/8. "There are rumors that the company has been for sale," said Barry Bannister, an analyst at Legg Mason. "Maybe someone is now shifting to that." Michelle Howard, director of corporate finance for AGCO, said she knew no reason for the rally. The company, based in Duluth, Ga., is a designer, manufacturer and distributor of agricultural equipment and replacement parts. AGCO distributes products in 140 countries throughout the world. Shares of other companies that make agricultural equipment were mixed. Deere Company (DE: news, msgs) fell 7/16 to 39 7/8. Caterpillar (CAT: news, msgs) rose 1 5/8 to 57 3/4.

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