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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: Tim Luke who wrote (45087)	5/25/1999 10:21:00 AM
From: Jack Colton	Read Replies (1) \| Respond to of 90042

AG Charliss, Here is the news from Business-Week... NEW YORK, May 20 (Reuters) - Agricultural equipment maker AGCO Corp. could be a takeover target now that industry rivals New Holland NV <NH.N> and Case Corp. <CSE.N> have agreed to a $4.3 billion merger, Business Week reports in its May 31 edition. Quoting an unidentified New York Investment banker, the financial newsweekly said a European conglomerate with interests in agriculture, transportation and other industries is mulling a $24-per-share offer for the Duluth, Ga.-based company. AGCO was not immediately available for comment. But Robert Ratliff, AGCO's chairman and chief executive, told the magazine's closely-watched Inside Wall Street column that his company has not received any offers. "We will be aggressive in becoming a solid alternative to our big competitors," he told Business Week. AGCO's stock closed up 69 cents at $10.63 on the New York Stock Exchange.