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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: ok1day who wrote (52665)	8/10/1999 5:33:00 PM
From: Tim Luke	Read Replies (2) \| Respond to of 90042

this stock was posted here months ago before any rumors were out. . . . AGCO soars on takeover speculation By Sarah Smith, CBS MarketWatch Last Update: 6:11 PM ET Aug 6, 1999 NewsWatch Today on CBS MarketWatch Markets close down, but cut losses Cisco beats estimates by a penny Filing shows Janus owns 10% of Amazon.com Big-name Nets in late rebound Thom Calandra: Web site has instant appeal More top stories... CBS MarketWatch Columns Updated: 8/10/99 5:16:50 PM 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.