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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: allen menglin chen who wrote (65011)	12/22/2000 7:32:24 PM
From: Wayne Rumball	Respond to of 122087

Poking around in after hours, I noticed this. Might be up your alley.... Stock rarely trades more than a few thousand shares until today, wonder what the rush for the exit on Tuesday will do to the stock...... WEST BEND, Wis.--(BUSINESS WIRE)--Dec. 22, 2000--Gehl Company (Nasdaq: GEHL) acknowledged it had received and reviewed an amended Schedule 13D filing that Newcastle Partners, L.P. and CIC Equity Partners, Ltd. filed today, which included a letter purporting to be an offer to acquire the company. The company noted that its Board of Directors has considered over the past several months the views Newcastle and CIC have expressed as part of the Board's ongoing review of long-term value creation strategies for the company and its shareholders. Throughout this process, as in the past, the Board has consistently reaffirmed its belief that the company's business strategy, pursued as an independent public company, presents the best alternative to maximize long-term shareholder value. The company noted that the purported offer submitted by Newcastle and CIC is subject to a multitude of contingencies and conditions, most notable of which is the offerors' admitted lack of any financing for the transaction. Based on the Board's view that it is in the best interests of shareholders for the company to remain an independent public company, Gehl Company intends to pursue this path vigorously. The company does not intend to pursue a transaction with Newcastle or CIC or to otherwise respond to their letter. Gehl Company (Nasdaq: GEHL) is a leading manufacturer of equipment used worldwide in construction and agricultural markets. Founded in 1859, the Company is headquartered in West Bend, WI, with manufacturing facilities in West Bend, WI; Lebanon, PA; Owatonna, MN; and Madison and Yankton, SD. Mustang(R) product information is available at the Mustang Manufacturing Website (www.mustangmfg.com). Gehl Company information is available on the Gehl(R) Website (www.gehl.com) or contact Gehl Company, 143 Water Street, West Bend, WI 53095 (telephone: 262/334-9461).