The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Tim Luke who wrote (53094)	8/13/1999 11:12:00 AM
From: Tim Luke	Read Replies (1) of 90042

AGCO soars on takeover speculation By Sarah Smith, CBS MarketWatch Last Update: 6:11 PM ET Aug 6, 1999 NewsWatch Today on CBS MarketWatch Stocks soar on good PPI data U.S. wholesale inflation up less than expected Bonds also get data boost European stocks join in the celebration Irwin Kellner: Friday the 13th - Look out below More top stories... CBS MarketWatch Columns Updated: 8/13/99 10:01:52 AM ET 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 analysts 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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