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: kendall harmon who wrote (111)	8/20/1999 1:52:00 PM
From: Bob Rudd	Read Replies (1) of 113

AG: Here's a paste of the same poster's later comments to inform the board - <<by: uk9ase (40/M/ND) 1165 of 1165 Before 9:00 am yesterday, I got the day before articles complete. As soon as a story for the current day was posted it wiped out the day before. The small paragraph that I posted was cut and pasted direct. The article mentioned that CSE would likely need to divest up to 900 million in product/plant and mentioned likely candidates would be a hay and forage property, a machinery company and a number of dealers to win regulators approval. Remember when Fiat bought NH they had to auction off Hesston. I will guess that they will have to auction off the HFI half of the Hesston plant CSE owns and also a tractor plant- probably versatile in Winnipeg. I see conflict in 4-wheelers, hay and forage and possibly air seeders since CSE has Concord and NH owns part of Flexicoil. I do not know about the skidsteer market since that is industrial. This is only speculation on what I see. We are about 90 min from the NH plant in Manitoba and 2 hours from Fargo CSE plant. The crops here are excellent locally but very mixed anywhere else with 3.2 million acres of PP in ND alone and a lot of drownout to the South, West , and East. Take care. Posted: 8/20/1999 11 ---------------------------------------------------- This was posted on the AG yhoo board here: messages.yahoo.com I'm sure if AG could buy a strategic asset at the right price and it wouldn't strain their financial situation, they'd go for it - but they are probably not the best situated to make acquisitions due to financial strains of ag recession.

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